- Quebec's public pension manager Caisse de Dépôt et Placement du Québec (La Caisse) will buy a 49.9% interest in wireless towers owned by BCE Inc. for C$2.45 billion ($1.7 billion), according to a statement.
- BCE's subsidiary Bell Canada agreed to sell the 49.9% stake in a newly formed wireless tower infrastructure company called TowerCo.
- The deal is designed to help BCE pare its debt.
- La Caisse completed a similar tower stake deal last year with Telus Corp., another of Canada's three large wireless companies.
Quotes
“has agreed to sell a 49.9% stake in a newly formed wireless tower infrastructure company”