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BCE Sells 49.9 per Cent Stake in New Wireless Tower Company to La Caisse for $2.45B
Bell will use the proceeds to cut debt and fund data centers after valuing the tower unit at $4.9 billion, the company said.
- On Tuesday, BCE Inc. announced its subsidiary Bell Canada is selling a 49.9% stake in a new wireless tower entity, TowerCo, to investment group La Caisse for $2.45 billion.
- BCE CEO Mirko Bibic stated the transaction strengthens the balance sheet, helping Bell reach a 3.5x debt-to-EBITDA ratio by 2027 while funding growth in AI-powered solutions.
- Headquartered in Montreal, TowerCo will be led by CEO J. Bruce Furlong, managing more than 5,000 wireless sites across Canada and leasing capacity back to Bell.
- Valued at approximately $4.91 billion, the deal mirrors infrastructure strategies used by competitors Rogers Communications Inc. and Telus Corp., which have previously raised billions through similar tower sales.
- Pending regulatory approvals, the transaction is expected to close in the first quarter of 2027, with Caisse infrastructure head Emmanuel Jaclot noting the platform aims to attract additional tenants.
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One year after entering into a similar agreement with Telus, La Caisse invests $2.45 billion in Bell's cellular towers.
·Montreal, Canada
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The Toronto Star+11 Reposted by 11 other sources
BCE sells 49.9 per cent stake in new wireless tower company to La Caisse for $2.45B
MONTREAL - BCE Inc. has signed a deal to sell a 49.9 per cent stake of a new company that will own and operate its wireless towers to Quebec investment
·Toronto, Canada
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One year after entering into a similar agreement with Telus, the Caisse invests $2.45 billion in Bell Canada's cellular towers.
·Montreal, Canada
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BCE announces partnership with La Caisse, which will acquire 49.9% stake in Bell wireless tower infrastructure company
/CNW/ -- BCE Inc. (NYSE: BCE) TSX: BCE), Canada's largest communications company1, announced today that its wholly owned subsidiary Bell Canada ("Bell") has...
·Chicago, United States
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Total News Sources20
Leaning Left11Leaning Right1Center5Last UpdatedBias Distribution65% Left
Bias Distribution
- 65% of the sources lean Left
65% Left
L 65%
C 29%
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