PwC report also finds that Canadian telecom sector continues to outpace its international peers in investing to meet increasing consumer expectations for network quality, coverage, and resiliency while, at the same time, consumer prices for cellular and internet access services have declined by 17.2% and 7.8%, respectively, between September 2022 and September 2023.
TORONTO, Nov. 6, 2023 /CNW/ – Canadians’ growing reliance on connectivity has led to an increase in expectations for network quality, coverage, and resiliency.
In a report commissioned by the Canadian Telecommunications Association entitled Connecting Canadians through resilient networks: The impact of the telecom sector in 2022 and beyond, PricewaterhouseCoopers (PwC) shows how Canada’s telecom sector is investing billions of dollars each year to meet these expectations and, in doing so, increasing its contributions to the Canadian economy.
The report finds that Canada’s six largest telecoms invested $13.3 billion in capital expenditures in 2022 to continue expanding, enhancing, and strengthening their world-class wireless and broadband networks. Over the past five years, the Canadian telecom sector has invested an annual average of $12.1 billion in capital on network infrastructure. This represents approximately 18.6% of average revenues, which is higher than…
