US EditionTELUS exploring dedicated infrastructure entity and strategic investment to supercharge its next-gen wireless networks
- TELUS is exploring selling a minority stake in its wireless tower portfolio to strengthen its balance sheet, according to Darren Entwistle, TELUS President and CEO.
- Estimates suggest that the sale could raise between $1 billion and $1.5 billion, based on projections discussed by analysts.
- TELUS currently has about $29 billion in debt, and this initiative aims to provide financial flexibility to reduce that debt, as mentioned by Doug French, Executive Vice-President and Chief Financial Officer.
- The TELUS tower sale reflects a trend where global telecoms are divesting infrastructure assets to focus on network efficiency and growth.
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The Berkshire Eagle+37 Reposted by 37 other sources
TELUS exploring dedicated infrastructure entity and strategic investment to supercharge its next-gen wireless networks
VANCOUVER, BC, March 26, 2025 /PRNewswire/ - In its ongoing commitment to bring world-leading connectivity and cutting-edge technology to more Canadians, TELUS has been engaging advisors for several months on a number of balance sheet strengthening items, including evaluating a…
The Peterborough Examiner+12 Reposted by 12 other sources
Telus considering selling minority stake in wireless tower network
VANCOUVER - Telus says it's considering selling a minority stake in its portfolio of wireless towers as part of its efforts to strengthen its balance sheet.
·Peterborough, Canada
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The Globe & MailReposted by 
BizToc
BizTocTelus puts stake in tower network up for sale, hires TD bankers to pitch investors
The telecom has been targeting private equity funds, pension plans and international tower operators as potential buyers for the stake in its network with a price tag that could be higher than $1-billion
·Canada
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