The stock exhibits a wide range of fluctuations throughout the day; on Monday, the stock was trading at a low of Can$27.58, but it had surged by 1.5% after two days. The worth of TELUS is volatile, and from the maximum, it has sharply plummeted to Can$27.49, losing by 1.4%. At the moment, the stock price is slowly recovering to almost Can$27.89.TELUS announced the $1.95 billion purchase of additional 3500 MHz spectrum licenses in British Columbia, Alberta, Manitoba, Ontario, and Quebec. TELUS currently has licenses to an average of 25 MHz of 3500 spectra globally and 40 MHz in our significant areas, for an average price of $2.53 per MHz-pop, when combined with the spectrum it acquired privately in January 2021.
TELUS will provide better mobile 5G internet access to its consumers across the country thanks to these licenses. The 3500 MHz band is a mid-band spectrum that has emerged as a crucial worldwide band for 5G innovation, as it provides the most pleasing mix of speed, capacity, and coverage (owing to its wide channels ).