Canadian funds reportedly in bidding war over stake in Telus towers

EQT, Omers, Phoenix Tower eye final bids for Cellnex’s Swiss unit in €2bn sale

EQT AB, Omers Administration, and Phoenix Tower International are among the frontrunners preparing final bids for Cellnex Telecom SA’s majority stake in its Swiss operations, with the deal expected to command a price in the region of €2bn ($2.3bn), according to a report by Bloomberg. Binding offers are anticipated by the end of next week, according to insiders who requested anonymity due to the confidential nature of the process. Cellnex, one of…

Canadian funds reportedly in bidding war over stake in Telus towers

Three Canadian asset managers are reportedly in a bidding war over a stake in Telus wireless towers.

TELUS Evaluating Bids for Cell Towers from Three Canadian Funds - Inside Towers

TELUS Corp. (NYSE: TU), headquartered in Vancouver, British Columbia, has shortlisted three major Canadian asset managers, including two pension funds, to buy a 49 percent stake in its portfolio of 3,000 towers used in its mobile network, a deal valued at nearly $900 million, reports The Globe and Mail. Ontario Municipal Employees Retirement System (OMERS) and Brookfield Asset Management (NYSE: BAM), the infrastructure division of Toronto-based …