Canada's BCE sells minority stake in new tower unit to La Caisse for $1.75 billion

BCE

27/10/2026 11:10

Oct 27 (Reuters) - Canadian telecom firm BCE BCE.TO said on Tuesday its subsidiary, Bell Canada, had agreed to sell a minority stake in the newly formed wireless tower infrastructure company to global investment group La Caisse for C$2.45 billion ($1.75 billion). 
Here are more details:
The transaction values the tower company, to be called TowerCo, at approximately C$4.91 billion
Bell Canada will retain a 50.1% controlling equity interest in TowerCo, with La Caisse holding the remaining 49.9%
The new unit's financial results will be consolidated into Bell's financial statements
TowerCo will own and operate more than 5,000 wireless tower sites across Canada and will be headquartered in Montreal
TowerCo will lease capacity on the transferred towers back to Bell, which will retain full ownership of its spectrum, active network equipment, and owned land
The deal is expected to close in the first quarter of 2027, pending regulatory approvals and other customary closing conditions
The deal is expected to help Bell pay down debt and fund its AI-powered growth plans
($1 = 1.4021 Canadian dollars)

 (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Mrigank Dhaniwala)
 ((HarshitaMary.Varghese@thomsonreuters.com;))