(Telecompaper) Telus has announced that it will invest CAD 1 billion over the next five years to connect most of the city's homes and businesses directly to its fibre optic network. Once complete, Telus's fibre build will add more than 400,000 homes, businesses, hospitals, community centres and municipal offices. When the first Vancouver neighbourhoods are fully connected early next year local residents and businesses will be able to take advantage of home internet speeds of up to 150 Mbps. Telus plans to offer families and businesses in Vancouver increasingly higher speeds over this gigabit-enabled network in the coming years, as demand continues to increase. This new fibre optic infrastructure will also be the backbone of the operator's wireless network, enabling more wireless capacity and speed.