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Olds Sells O-NET to TELUS for $11 Million

5/7/2025

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Summary

Story summary

The Town of Olds has officially sold its broadband network, O-NET, to TELUS Communications for $11 million, marking the end of a 17-year journey. Although the town faced a $7.8 million loss, the sale positions them to attract new businesses. To tackle an $8.9 million debt, they will implement structured payments until 2031.

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Story summary

The Town of Olds has officially sold its broadband network, O-NET, to TELUS Communications for $11 million, marking the end of a 17-year journey. Although the town faced a $7.8 million loss, the sale positions them to attract new businesses. To tackle an $8.9 million debt, they will implement structured payments until 2031.