Key Takeaways
- • Bell Canada, a subsidiary of BCE Inc., agreed to form a new wireless tower infrastructure company with investment firm La Caisse, which will acquire a 49.9% stake for CA$2.45 billion (US$1.74 billion).
- • The transaction was announced on Tuesday, October 27, 2026, according to Law360.
- • BCE was advised on the deal by Paul Weiss Rifkind Wharton & Garrison LLP.
- • The structure monetizes a minority interest in Bell's tower assets while retaining majority ownership of the new entity, per the primary report.
Summary
BCE Inc., the Canadian communications company, announced on Tuesday that its subsidiary Bell Canada has entered into an agreement with Caisse de dépôt et placement du Québec, known as La Caisse, to form a new wireless tower infrastructure company. Under the agreement, La Caisse will acquire a 49.9% stake in the new business for CA$2.45 billion, equivalent to $1.74 billion, according to Law360.
Paul Weiss Rifkind Wharton & Garrison LLP advised BCE on the transaction. The deal allows Bell to bring in a large institutional partner for its wireless tower assets while retaining control of the joint entity, a structure commonly used by telecom operators to fund infrastructure without fully divesting it.
The primary report is limited in detail regarding the valuation methodology, the specific towers included, and expected closing timing. Readers should refer to BCE's formal disclosures for those terms.
Paul Weiss Rifkind Wharton & Garrison LLP advised BCE on the transaction. The deal allows Bell to bring in a large institutional partner for its wireless tower assets while retaining control of the joint entity, a structure commonly used by telecom operators to fund infrastructure without fully divesting it.
The primary report is limited in detail regarding the valuation methodology, the specific towers included, and expected closing timing. Readers should refer to BCE's formal disclosures for those terms.
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