MONTREAL – BCE Inc. has signed a deal to sell a 49.9 per cent stake of a new company that will own and operate its wireless towers to Quebec investment manager La Caisse for $2.45 billion.
The new wireless tower infrastructure company will hold Bell’s portfolio of wireless infrastructure assets, with more than 5,000 sites across the country.
Under the terms of the agreement, the new tower company will lease capacity on the transferred towers to Bell, which will retain a 50.1 per cent controlling interest.
Bell will keep full ownership and control of its spectrum, all active network equipment and owned land. It will also maintain access to existing sites through long-term agreements, while the new company will develop new sites for Bell as needed.
BCE says the new company will focus on growing the business through new site builds, site densification and third-party co-location.
The deal is expected to close in the first quarter of 2027.
This report by The Canadian Press was first published Oct. 27, 2026.
Companies in this story: (TSX:BCE)
