Bell Canada to expand its FTTH and wireless networks with an additional investment of $ 1.2 billion over the next 2 years
Bell Canada announced last week that it will rapidly expand its fiber and wireless broadband networks with a $ 1 billion to $ 1.2 billion capital acceleration over the next 2 years.
This acceleration in investment is on top of Bell’s typical annual capital expenditures of around $ 4 billion over the past decade (which rose to $ 4.2 billion in 2020 due to investments in network capacity. and digital platforms in response to unprecedented demand for use during COVID-19).
Funded by the proceeds of Sale of data centers by Bell in 2020, the additional investment of $ 1 to $ 1.2 billion is expected to generate approximately $ 2 billion in new economic activity and create approximately 5,300 additional direct and indirect jobs in Canada. The program will also benefit from accelerated capital spending under the federal capital cost allowance program, generating cash tax savings that can be reinvested in infrastructure development.
Bell plans to invest approximately $ 700 million of this additional capital in 2021 to accelerate the footprint of our wireless and wireline networks. This includes a gradual increase of up to 400,000 additional homes and businesses covered by fast fiber and rural residential wireless Internet service (bringing the number of new locations covered this year to 900,000, for a total footprint. broadband of approximately 6.9 million locations by the end of 2021).
At the same time, Bell plans to double the national population coverage of Bell 5G, the fastest wireless network in the country, which currently serves more than 150 communities across Canada.