Bell to sell 49.9% stake in wireless tower business to La Caisse

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeTelecomBell to sell 49.9% stake in wireless tower business to La CaisseBell partially selling its passive wireless infrastructure assets will help pay off its debt by the end of 2027A pedestrian arrives at BCE Inc.'s Bell Canada office building in Toronto on Aug. 8, 2012. Photo by Brent Lewin/BloombergBCE Inc.‘s Bell has announced it would sell a 49.9 per cent stake in its wireless tower infrastructure company to Quebec public pension manager Caisse de dépôt et placement du Québec.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe telecommunications company on Tuesday said La Cassie will acquire the stake for $2.45 billion, which values the tower company at around $4.91 billion.Bell partially selling its passive wireless infrastructure assets will help pay off its debt by the end of 2027 and fund its growing business in AI-powered solutions, it said.This advertisement has not loaded yet, but your article continues below.“As we have consistently communicated since early 2025, our approach is to strengthen our balance sheet, invest in growth and deliver total returns to shareholders,” BCE chief executive Mirko Bibic said in a press release.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe transaction is expected to close in the first quarter of 2027, following regulatory approvals and other conditions.TowerCo, the newly formed wireless tower infrastructure company, will own and operate Bell’s portfolio of wireless infrastructure assets of more than 5,000 sites across the country.It said the Montréal-headquartered company will focus on growing the business through new site builds, site densification and third-party colocation.Under the agreement, Bell will retain a 50.1 per cent controlling equity interest in TowerCo, with La Caisse holds the remaining 49.9 per cent.“Bell’s extensive footprint and La Caisse’s global digital infrastructure expertise will give this new platform the focus and long-term perspective to grow,” said La Caisse executive vice-president and head of infrastructure and sustainability, Emmanuel Jaclot.This advertisement has not loaded yet, but your article continues below.As a global investment group, La Caisse holds $552 billion in net assets in financial markets, private equity, infrastructure, real estate and private credit.TowerCo will lease capacity on the transferred towers to Bell and is expected to have no financial debt at closing. Its financial results will be consolidated by Bell into its financial statements.Bell said it will retain full ownership and control of its spectrum, all active network equipment and owned land. TowerCo will develop new sites for Bell as needed.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.