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The $2.45-billion deal will lower Bell’s debt ratio and free up resources for AI investments, the telecom company said in its announcement. Bell will lease back capacity on the towers—more than 5,000 of them, it said—and the partners expect their joint venture will make further money by finding other customers who want to put equipment on the towers, too. (The Logic)
Talking point: La Caisse made a similar deal with Telus in August 2025 and is part of a consortium that bought a stake in Rogers’ wireless infrastructure as well. Bell is trying to transform itself from a telecom provider to a “tech services and digital media” company. Like the other big Canadian telcos, it sees the tower deal as a way to turn expensive assets into ready cash to use on other corporate priorities. It expects the deal to close in the first quarter of 2027, pending regulatory approvals.
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