Telus cuts employees, boosts spending on 3G network
In what has become an all-too-common theme across the telecom and wireless industries -- and just about every industry, for that matter -- Telus cut 1,160 employees from its payroll in the first quarter, a move that it says cost it roughly $28 million in restructuring fees. If it's any consolation, though, the reduction's being offset by capital investment in excess of CAD $2 billion this year to ramp up its 3G infrastructure buildout that'll ultimately see Rogers-fighting HSPA spectrum go live as an interim step on the way to LTE. With $700 million getting spent in Alberta, $500 million in British Columbia, and $300 million in Ontario, that work will undoubtedly create some jobs, so there's your silver lining right there.
[Via MobileSyrup]
