BCE announces partnership with La Caisse, which will acquire 49.9% stake in Bell wireless tower infrastructure company
BCE's subsidiary Bell Canada has agreed to sell a 49.9% stake in a newly formed wireless tower company (TowerCo) to La Caisse for CAD $2.45 billion, valuing the platform at about $4.91 billion. TowerCo will own more than 5,000 sites, making it Canada's largest dedicated tower company; Bell retains 50.1% control, keeps its spectrum and active network equipment, and will consolidate TowerCo's results. Proceeds support BCE's stated capital allocation strategy, including a 3.5x net debt leverage target by end-2027 and funding growth areas such as AI-powered solutions.
Key figures
- Deal Value Usd
- CAD $2.45 billion
- Stake sold
- 49.9%
- Tower sites
- more than 5,000
- Expected close
- Q1 2027
- Towerco valuation
- approximately $4.91 billion
- Bce retained stake
- 50.1%
- Net debt leverage target
- 3.5x by end of 2027
AI analysis
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