Bell sells nearly 50% tower stake to Quebec's La Caisse for $2.45B

BCE is spinning out its wireless towers into a new company, TowerCo, covering over 5,000 sites across Canada, and selling a 49.9% stake to Quebec investor La Caisse for $2.45 billion. The deal values TowerCo at about $4.91 billion and is expected to close in early 2027 pending regulatory approval. Bell will keep a 50.1% controlling interest plus its spectrum and active network equipment.

• La Caisse buys 49.9% of TowerCo for $2.45B at a $4.91B valuation
• TowerCo will hold more than 5,000 wireless sites across Canada
• Bell retains 50.1% and control of spectrum and active equipment
• The deal is expected to close in early 2027