June 5 (Reuters) - Canada's Telus Corp T.TO said it would spend C$4.2 billion ($3.11 billion) on new broadband and wireless infrastructure in Alberta by 2020, as it tries to stay ahead in a highly competitive market.
Telus, which has been attracting more postpaid wireless customers amid heightened competition, said it would invest more than C$900 million this year alone in Alberta. company is in a heated battle with Shaw Communications Inc SJRb.TO , which has recently beefed up its high-speed internet and cable TV products.
The strong growth for both major Western Canadian companies comes as Alberta recovers from an economic slowdown caused by a prolonged slump in oil prices from late 2014 though early 2016. said last week it would invest C$4.7 billion in a similar push in British Columbia. ($1 = C$1.35)