In an email forwarded to MMU, employees at Bell Media were informed of a major investment in Fibre, 5G and rural networks.
Team, I’m writing to share the details of Bell’s positive Q4 and 2020 operating results released this morning, and to announce a bold new investment plan that will help spur Canada’s recovery while ensuring Bell has the long-range network foundation to fully embrace the opportunities of next-generation broadband communications. Accelerating Canada’s network infrastructure Bell is announcing an unprecedented acceleration in capital spending of $1 billion to $1.2 billion over the next 2 years to boost our fibre, 5G and rural network rollouts significantly. This spending will be in addition to the approximately $4 billion in capital Bell typically invests in network expansion and enhancement each year – making this the largest investment project of its kind in our company’s 141-year history. This major capital injection means we’ll be able to bring fast fibre and rural Wireless Home Internet coverage to as many as 900,000 homes and businesses this year – an incremental increase of up to 400,000 locations over our original plan – while also doubling the national population coverage of our 5G wireless network.