• Investment to create an estimated 2,700 new jobs, $2.2 billion in economic activity
  • Direct fibre links to be available to 1.1 million residences and business locations
  • One of Bell's largest-ever infrastructure projects closely coordinated with City of Montréal
  • Québec to be one of the most-connected broadband jurisdictions in North America

MONTRÉAL, March 27, 2017 /CNW Telbec/ - Bell today announced it will invest a further $854 million to bring direct fibre links and the fastest Internet speeds available to more homes and businesses throughout Montréal. Bell's fibre to the home (FTTH) connections will ultimately reach a total of 1.1 million residences and business locations throughout Québec's largest metropolis.

"Bell was founded in Montréal in 1880 and ever since we have led the way in delivering the latest communications innovations to the city and the country. Now, our plan to directly connect more than a million homes and businesses here with the fastest broadband fibre technology will ensure Montréal's place at the forefront of global Smart Cities," said George Cope, President and CEO of BCE and Bell Canada. "Bell's leadership in next-generation networks has transformed our company into the growth leader in broadband Internet, TV and wireless. By connecting everyone in Montréal with the best in broadband, Bell is enabling the benefits of increased innovation and economic growth for our home city now and into the future."

"I'm delighted that our city will soon rank among the best in broadband connections and ultra-fast downloading and uploading speeds," said Denis Coderre, Mayor of Montréal. "There is a direct and positive correlation between access to an ultra-fast Internet network and a community's economic development. Especially for a city like Montréal, known for its dynamic digital sector and the expertise of its cutting-edge industries like video gaming, aerospace and health technologies, today's announcement packs tremendous economic potential."

"Starting in 2013, my administration wanted to position Montréal as an innovative, digital city. So it's no coincidence that private companies are increasingly making Montréal their home. The announcement that Bell is investing $854 million in new communications infrastructure will without a doubt allow us to attract even more leading-edge businesses. This will be among the many advantages Montréal has to offer in terms of digital infrastructure," said Mayor Coderre.

The $854 million investment is fully funded by Bell and represents the largest-ever communications infrastructure project in Québec. Based on the results of previous fibre projects in Québec City, Toronto and other major urban centres, Bell estimates the Montréal project will create approximately 2,700 direct and indirect jobs in Québec and an additional $2.2 billion in new economic activity. Bell is partnering with a large number of local suppliers, including Asplundh, Effigis Geo-Solutions, G-TEK, Infrastructel, Telecon, TCI and TRJ Télécom, to complete the project.

Bell's expansion will install more than 7,000 kilometres of new fibre and upgrade 25 central offices across Montréal. More than 90% of Bell's network in the city is on aerial structures already in place, which will help to speed the deployment of the new fibre links. Working closely with the city to manage the deployment, Bell is partnering with Montréal's 3-1-1 information service to answer questions from residents about the project, and updates on service availability can be found at Bell.ca/Mtl.

Last month, the City of Montréal announced the development of a central point of contact for public utility companies: telecommunications, cable, electricity and natural gas. The objective of this single contact point is to improve the management and integration of all partners' work in order to minimize disturbance to local residents.

If you liked this article you might like

Would a T-Mobile-Sprint Merger Make Life Easier for Verizon? Yes and No

Stocks That Are Changing Direction

BCE Is the Best Telecom Yield Play in Ultra-Safe Canada

3 Buy-Rated Dividend Stocks Taking The Lead: BCE, NS, PBA

Technology Stocks On The Rise With Help From 3 Stocks