Canada press digest for October 27
BCE•BCE is reportedly selling a minority stake in its cellphone towers to La Caisse for C$2.45 billion ($1.75 billion). Other reported stories include approval of a 920-megawatt Alberta power project and plans for nine countries to sign a defence bank charter on November 30.
1. BCE tower stake sale
BCE is reportedly selling a minority stake in its cellphone towers to La Caisse for C$2.45 billion ($1.75 billion). The company plans to use the proceeds to pay down debt and expand its data centre business.
2. Alberta power project
Alberta's power regulator has reportedly approved a 920-megawatt power-plant project intended to serve a large-scale data centre north-east of Edmonton.
3. Defence bank charter
Canada and eight other countries are set to sign the charter for a multinational defence bank on November 30. Talks to merge the bank with a British defence-procurement initiative broke down last week.
