US EditionTelecom sector ramping up investments in tech as traditional growth areas slow
- Bell Canada and Telus opened several AI data centres last month to expand their tech services beyond traditional telecom offerings.
- This shift follows slowed subscriber growth caused by factors including the federal government’s recent immigration target reduction.
- Both companies are focused on utilizing artificial intelligence to fuel growth, with Bell set to launch six AI data centres as part of an ambitious initiative that will establish the most extensive AI computing infrastructure in Canada, while Telus is advancing its shift toward technology services.
- Analyst Dave Heger noted that the three major telecom companies are currently challenged by both slowing subscriber growth and decreasing consumer prices.
- These efforts suggest Canadian telecoms seek new growth in tech fields, though experts caution value creation from this transition remains uncertain.
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In terms of competition between Canadian telecommunications giants, some sectors have traditionally competed with companies to stand out.
·Montreal, Canada
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Winnipeg Free Press+29 Reposted by 29 other sources
Telecom sector ramping up investments in tech as traditional growth areas slow
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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