BCE to sell 49.9% stake in Bell tower business to La Caisse for CAD 2.45 billion
BCE•BCE will sell La Caisse a 49.9% stake in Bell Canada's new cellular tower company for CAD 2.45 billion, valuing it at about CAD 4.91 billion. The deal is expected to close in the first quarter of 2027.
1. Tower company transaction
La Caisse will acquire a 49.9% stake in BCE subsidiary Bell Canada's new cellular tower company, TowerCo, for CAD 2.45 billion, subject to customary adjustments. BCE will retain a 50.1% stake. TowerCo will own and operate more than 5,000 sites, leasing tower capacity to Bell under long-term agreements.
2. Expected closing and proceeds
The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary conditions. BCE plans to use the proceeds to support its balance sheet and growth strategy, including its target net leverage ratio of 3.5 times by the end of 2027.
