The Caisse de dépôt et placement du Québec is acquiring a 49.9 per cent stake in a newly formed wireless tower infrastructure company from Bell Canada for a purchase price of $2.45 billion.

The transaction values TowerCo at approximately $4.91 billion and it’s expected to close in the first quarter of 2027. It will own and operate Bell’s portfolio of wireless infrastructure assets, while Bell continues to own a 50.1 per cent controlling equity interest.

“By making this infrastructure available to different service providers, we can strengthen coverage, improve overall system efficiency [and help] more people access the connectivity they rely on every day,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at the Caisse, in a press release.

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