Telus takes a tech partner

Article Excerpt

TELUS $45.93 (Toronto symbol T; Shares outstanding: 591.0 million; Market cap: $27.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.telus.com) continues to improve the speed of its wireless networks. As part of that plan, the company has teamed up with Huawei, a Chinese networking-equipment maker, to develop advanced 5G wireless systems. They’re up to 200 times faster than current 4G networks. Telus and Huawei have now successfully tested their 5G technology in Vancouver. The company aims to begin rolling out 5G service in 2020. Faster wireless speeds will help Telus profit from several long-term trends. They include the move to connect self-driving cars, electricity meters and other devices to the Internet. Telus is a buy. buy…