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Telus on track to lower capital spending sharply in 2023: CEO
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Telus reports Q1 profit down from year ago, raises dividend
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A Telus sign is seen on a storefront in Halifax on Thursday, Feb. 11, 2021. THE CANADIAN PRESS/Andrew Vaughan
VANCOUVER – Telus Corp. chief executive Darren Entwistle said Friday that the telecommunications company will be able to reduce capital spending to $2.5 billion a year or less in 2023, after an accelerated investment plant announced this week.
The Vancouver-based company and owner of one of Canada’s three national wireless networks said Thursday it has raised its 2021 capital budget by $750 million, to $3.5 billion.
Entwistle told analysts Friday that about 90 per cent of the accelerated spending plan will be on fibre optic networks, 5G wireless networks and improvements to business processes.
Telus CEO says it s on track to lower capital spending sharply in 2023
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The Bitcoin Guessing Standard
Bitcoin is a software program designed by Satoshi Nakamoto (which is believed to be a pseudonym). His objective, at least on the surface, was to create electronic cash; a new hard money. This is why it is often referred to as digital gold. Satoshi Nakamoto, in his design of Bitcoin, was influenced by the prior work of Hal Finney. Critically, with regard to creating electronic tokens, Finney took seriously the cost theory of value. In turn, when Nakamoto wrote his white paper, regarding Bitcoin, he embraced Finney’s notion that processing power and electricity expended would drive the value of an electronic coin. To date, Bitcoin has failed to become an effective electronic currency. Rather, it seems Bitcoin was designed to become an expensive electronic asset more so than becoming money. Bitcoin enthusiasts, regardless, point to its lofty valuation as evidence Bitcoin will become the world’s decentralized money. This is a mistaken view as Bitcoin ha