BCE Sells 49.9% of Bell Tower Unit to La Caisse for CAD 2.45B
MONTREAL – October 29, 2026 -- BCE Inc. said its subsidiary Bell Canada will sell a 49.9% stake in a newly formed wireless tower company to investment group La Caisse for CAD 2.45 billion, subject to customary adjustments. The price values the business at about CAD 4.91 billion.
TowerCo takes over 5,000-plus Bell sites
The new entity, TowerCo, will own and operate Bell's portfolio of passive wireless infrastructure. BCE describes it as Canada's largest dedicated tower company, with more than 5,000 sites nationwide. It will be headquartered in Montreal and led by CEO J. Bruce Furlong.
TowerCo plans to grow through new site builds, site densification and third-party colocation, which lets other service providers use its towers.