Bell Canada sells 49.9% stake in wireless tower company to La Caisse for CAD $2.45B

Bell Canada, a subsidiary of BCE Inc., has agreed to sell a 49.9% stake in a newly formed wireless tower infrastructure company, TowerCo, to global investment group La Caisse for CAD $2.45 billion. This values TowerCo at approximately CAD $4.91 billion and aligns with BCE's strategy to strengthen its balance sheet and invest in growth areas like AI. TowerCo will own over 5,000 wireless sites across Canada, making it the country's largest dedicated tower company. Bell will retain majority control and continue to operate its network, with the transaction expected to close in early 2027 after regulatory approvals.

BCE Inc. has a market cap of $18.93 billion and a dividend yield of 6.08% as of Oct 27, 2026, 17:42 WIB on Pluang. The stock price is USD 20.23, down slightly by 0.10% for the day. This stable valuation and attractive dividend yield provide context for BCE's strategic moves such as the partnership with La Caisse to monetize its wireless tower assets while retaining majority control.