From TokenPost · · 50s
La Caisse Acquires 49.9% of Bell TowerCo for C$2.45 Billion
La Caisse buys 49.9% of Bell Canada's TowerCo for C$2.45 billion, creating shared wireless infrastructure.
In brief
La Caisse buys 49.9% of Bell Canada's TowerCo for C$2.45 billion, creating shared wireless infrastructure. La Caisse will own 49.9% of Bell Canada's TowerCo, a Canadian wireless infrastructure company, for C$2.45 billion, enabling shared use of towers by multiple providers. Originally reported by TokenPost.
Bell Sells 49.9% Stake to La Caisse
Bell Canada agreed to sell La Caisse a 49.9% stake in TowerCo for C$2.45 billion, retaining control of infrastructure.
TowerCo Will Own 5,000+ Wireless Sites
TowerCo will own and operate more than 5,000 wireless infrastructure sites across Canada for multiple providers.
La Caisse Sees Shared Infrastructure Benefits
La Caisse's executive VP says shared towers improve coverage and system efficiency for daily connectivity.
“A telecom tower can carry more than one network. By making this infrastructure available to different service providers, we can strengthen coverage, improve overall system efficiency, hence helping more people access the connectivity they rely on every day.”
The takeaway
La Caisse will own 49.9% of Bell Canada's TowerCo, a Canadian wireless infrastructure company, for C$2.45 billion, enabling shared use of towers by multiple providers.
