Bell expands pure fibre Internet access to Georgina
High-speed Internet services will reach approximately 14,000 homes and businesses in Georgina
GEORGINA, ON, February 10, 2022 – Bell today announced the expansion of pure fibre Internet service to homes and businesses in the community of Georgina. Part of Bell’s capital expenditure acceleration program for investment in national next-generation network infrastructure, the expansion program will bring all-fibre broadband access to approximately 14,000 locations in Georgina by 2024.
Fully funded by Bell, this broadband expansion program will provide fast and high-capacity 100% fibre connections with Internet download speeds of up to 1.5 Gbps and access to leading Bell services such as Fibe TV. Last year, Bell announced an investment of $1.7 billion in capital expenditures over two years to accelerate the rollout of its broadband fibre, 5G and rural networks and help drive Canada’s recovery from the COVID crisis.
This capital acceleration is in addition to the approximately $4 billion in capital expenditures Bell typically invests in broadband network infrastructure and expansion each year, and will significantly increase the connections in localities across Canada while creating additional employment as network construction activity speeds up.
“Affordable, reliable, internet plays such a critical role in our lives today. It gives residents many options when it comes to education, running a business or working from home, which many companies have shifted to. We need to position Georgina for future demands, and staying resilient to the many changes. When competing with other communities to attract companies and residents, we know that high-speed internet can often be a deciding factor, and I am glad that residents have options when making that decision.”
- Margaret Quirk, Mayor of Georgina<
“At a time when fast and reliable Internet connections are more important than ever, we’re proud to bring our pure fibre connections and world-leading Internet and TV services to households and businesses in Georgina as part of our long-standing objective to connect Canadians in communities throughout Ontario and across our footprint.”
- Bruce Furlong, SVP Network, Bell
Bell is Canada’s largest communications company, providing advanced broadband wireless, TV, Internet, media and business communication services throughout the country. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities with a commitment to the
highest environmental, social and governance (ESG) standards. This includes the Bell Let’s Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let’s Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.
Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking statements, including statements relating to our network deployment plans and anticipated capital expenditures as well as the benefits expected to result therefrom, including our two-year increased capital expenditure acceleration program for the deployment of our broadband fibre, 5G and rural networks, our business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the "safe harbor" provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Our network deployment plans and anticipated capital expenditures and the benefits expected to result therefrom are subject to risks and, accordingly, there can be no assurance that our network deployment plans will be completed, that our anticipated capital expenditures will be made or that the benefits expected to result therefrom will be realized. The completion of our network deployment plans assumes, among others, the availability of sufficient equipment, labour and capital and the value of our planned capital expenditures assumes our ability to access or generate the necessary sources of capital. However, there can be no certainty that the required equipment, labour and sources of capital will be available with the result that our actual network deployments and capital expenditures could materially differ from current expectations. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE Inc.'s (BCE) Safe Harbour Notice Concerning Forward-Looking Statements dated February 3, 2022, and BCE’s news release dated February 3, 2022announcing its financial results for the three-month period and year ended December 31, 2021, filed by BCE with the Canadian provincial securities regulatory authorities (available at Sedar.com) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.