Update: BCE Says La Caisse to Pay CA$2.45 Billion for Minority Stake in New Wireless Tower Company

07:31 AM EDT, 10/27/2026 (MT Newswires) -- (Adds US-listed share movement and more details in paragraphs 3, 4 and 5) BCE's (BCE.TO, BCE) cellphone unit Bell Canada will sell a 49.9% stake in its wireless tower infrastructure company to investment group La Caisse for CA$2.45 billion, it said in a statement on Tuesday. La Caisse will take the stake in a newly formed tower infrastructure company, which BCE said is valued at $4.91 billion. The company will own and operate more than 5,000 wireless infrastructure sites across Canada, it said. Bell will retain a 50.1% controlling stake. The new wireless tower company, named TowerCo and headquartered in Montreal, will own and operate Bell's portfolio of wireless infrastructure assets, the company said. As per the agreement, TowerCo will lease capacity on the transferred towers to Bell. Closing of the deal is expected in the first quarter of 2027, subject to some conditions. US-listed shares of the company were last seen up 1.4% at $20.55 in pre-market trading.