Mergers & Acquisitions ·
Bell Canada agrees to sell 49.9% stake in TowerCo to La Caisse for $2.45 billion
BCAEFBce Inc
On October 27, 2026, Bell Canada entered into a definitive agreement with global investment group La Caisse to sell a 49.9% equity interest in a newly formed wireless tower infrastructure company, TowerCo, for a purchase price of $2.45 billion. Bell will retain a 50.1% controlling stake and consolidate TowerCo’s financial results. The transaction is expected to close in the first quarter of 2027 following regulatory approvals. Additionally, BCE reported third-quarter net earnings of $701 million, down 84.6% year-over-year due to lower gains on investments from the prior sale of its MLSE stake, while adjusted EBITDA increased 0.9% to $2.786 billion. BCE Inc. is a Canadian communications company providing wireless, wireline, internet, streaming services, and television to residential, business, government, and wholesale customers in Canada and the United States.