Burnaby, BC -- Telus Ventures has invested US$3 million in Telica Inc., a provider of softswitch-based voice and da...
April 1, 2002
Burnaby, BC — Telus Ventures has invested US$3 million in Telica Inc., a provider of softswitch-based voice and data infrastructure products for telecommunications networks.
Through this investment, Telus will participate in a major softswitch development initiative that will involve trials of Telica’s technology. The company says if the trials are successful, and Telus deploys the softswitch product in its network, the new infrastructure could translate to significant cost efficiencies and improved network capability.
“Telus’ growth strategy is all about leveraging emerging technologies to exploit the convergence of data, voice, Internet Protocol and wireless for the benefit of our customers across Canada,” said Mark Schnarr, executive VP of Telus and president of TELUS Ventures. “This investment gives Telus access to Telica’s best-of-breed technology as we prepare to evolve our network infrastructure to increase efficiency and capability.”