Bell Canada, a subsidiary of Canada’s largest communications company, BCE, has entered into an agreement with global investment group La Caisse, which will pay C$2.45 billion ($1.7 billion) for a 49.9 percent stake in a newly formed wireless tower infrastructure company.
The new wireless tower infrastructure company, TowerCo, will be headquartered in Montréal. TowerCo will own and operate Bell’s portfolio of wireless infrastructure assets, making it Canada’s largest dedicated tower company with more than 5,000 sites across the country. The company will focus on growing the business through new site builds, site densification and third-party colocation. The transaction values the tower company at approximately C$4.91 billion ($3.5 billion).
“A telecom tower can carry more than one network,” said Emmanuel Jaclot, executive vice president and head of infrastructure and sustainability at La Caisse. “By making this infrastructure available to different service
