La Caisse Pays CAD $2.45B for 49.9% of New Bell TowerCo, Valuing Unit at $4.91B
BCE is trading near its 52-week low of $18.68 (8.7% above the low).
Summary
BCE is selling 49.9% of a newly formed wireless tower company to La Caisse for CAD $2.45 billion, implying an enterprise value of roughly $4.91 billion for the unit. Bell keeps the 50.1% controlling stake and will consolidate TowerCo, which holds more than 5,000 sites and becomes Canada's largest dedicated tower company. The proceeds go toward BCE's stated plan to cut net debt leverage to 3.5x by end-2027 and fund growth areas including AI-powered solutions — a meaningful de-leveraging step for a company carrying a large debt load. Bell retains its spectrum, active network equipment and owned land, and leases capacity back from TowerCo under long-term agreements. Closing is expected in Q1 2027, subject to regulatory approvals.
At the time of this announcement, BCE was trading at $20.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $18.9B. The 52-week trading range was $18.68 to $26.52. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.