BCE announces partnership with La Caisse, which will acquire 49.9% stake in Bell wireless tower infrastructure company
PR Newswire•27/10/2026•06:30 ET
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Key Highlights
- ➤La Caisse will acquire 49.9% of Bell TowerCo for CAD $2.45 billion
- ➤TowerCo valued at approximately $4.91 billion, monetizing BCE infrastructure assets
- ➤TowerCo will operate more than 5,000 wireless infrastructure sites across Canada
- ➤BCE will retain 50.1% control; TowerCo results remain consolidated by Bell
- ➤Transaction expected to close in Q1 2027, pending regulatory approvals
Expert Statements
Mirko Bibic, President and CEO of BCE and Bell Canada
“This partnership unlocks the significant value embedded in our infrastructure assets while continuing to operate the award-winning wireless network our customers rely on every day. 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. This transaction is in keeping with that approach, and the proceeds will be used to execute against this very clear strategy.”
Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse
“A telecom tower can carry more than one network. By making this infrastructure available to different service providers, we can strengthen coverage, improve overall system efficiency, hence helping more people access the connectivity they rely on every day. 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.”
J. Bruce Furlong, CEO of TowerCo
“At TowerCo, we're building a dedicated team exclusively focused on the development, operation and long-term growth of premier wireless tower infrastructure across Canada. By partnering with La Caisse on a clear mandate, we are well positioned to grow this infrastructure portfolio and support future network deployment to provide the connectivity that matters most to Canadians.”
BCE announces partnership with La Caisse, which will acquire 49.9% stake in Bell wireless tower infrastructure company PR Newswire
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the sections entitled "Caution Concerning Forward Looking Statements" later in this news release.
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