Canada's BCE sells minority stake in new tower unit to La Caisse for $1.75 billion
BCE•BCE subsidiary Bell Canada agreed to sell La Caisse a 49.9% stake in TowerCo for C$2.45 billion ($1.75 billion), valuing the new company at about C$4.91 billion. The deal is expected to close in the first quarter of 2027, subject to approvals and other conditions.
1. TowerCo ownership
Bell Canada agreed to sell La Caisse a 49.9% equity interest in newly formed wireless tower company TowerCo for C$2.45 billion. Bell will retain a controlling 50.1% stake, and TowerCo's results will be consolidated into Bell's financial statements.
2. Operations and timing
TowerCo will own and operate more than 5,000 wireless tower sites across Canada and be headquartered in Montreal. It will lease capacity on the transferred towers back to Bell, which will retain 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 conditions.
3. Use of proceeds
The deal is expected to help Bell pay down debt and fund its AI-powered growth plans.
