BCE to sell 49.9% of new tower company to La Caisse for C$2.45 billion
BCE Inc. announced that its subsidiary Bell Canada will sell a 49.9% equity stake in a newly created wireless tower platform, TowerCo, to the Quebec investment group La Caisse for C$2.45 billion, valuing the business at about C$4.91 billion. Bell will keep a 50.1% controlling interest and will lease tower capacity back from TowerCo. The parties expect the deal to close in the first quarter of 2027 after receiving the required regulatory clearances.
Why it matters
The proceeds are intended to lower BCE’s net‑debt leverage ratio to its target of 3.5 times EBITDA by the end of 2027, according to the company’s capital‑allocation plan. The sale also gives BCE cash to fund growth initiatives such as AI‑driven solutions while retaining control of its spectrum and active network equipment.
Key facts
- 1La Caisse will acquire a 49.9% stake in TowerCo for CAD 2.45 billion. prnewswire.com
- 2The transaction values TowerCo at approximately CAD 4.91 billion. prnewswire.com
- 3Bell will retain a 50.1% controlling equity interest in TowerCo. prnewswire.com
- 4TowerCo will own and operate more than 5,000 wireless sites across Canada. investing.com
- 5The deal is expected to close in the first quarter of 2027 after regulatory approvals. stocktitan.net
- 6BCE’s net‑debt leverage ratio target is 3.5 times by the end of 2027. stocktitan.net
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.