BCE's Bell to Sell 49.9% Stake in TowerCo to La Caisse
MT newswire2026/10/27 11:08Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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07:08 AM EDT, 10/27/2026 (MT Newswires) -- BCE's (BCE) unit Bell Canada agreed to sell a 49.9% stake in its new wireless tower company to La Caisse for CA$2.45 billion ($1.75 billion), valuing the business at CA$4.91 billion, the company said Tuesday. Bell will retain a 50.1% controlling stake in TowerCo, which will lease tower capacity to Bell. The deal will support BCE's growth investments, including AI-powered solutions, the company said. The transaction is expected to close in Q1 2027, the company added. BCE shares were up 1.2% in premarket activity.
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