Bell sells 49.9% stake in wireless towers for $2.45B

Canadian carrier Bell is selling a 49.9 per cent stake in a new TowerCo to La Caisse for $2.45 billion CAD. The deal values more than 5,000 sites at about $4.91 billion.

• Bell transfers 49.9% of new TowerCo to La Caisse
• Deal is worth $2.45 billion CAD
• Portfolio covers more than 5,000 towers
• Total valuation is about $4.91 billion