Story perspectives
Telus to Sell 49.9% of Tower Network for Debt Relief
3/26/2025
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Story summary
- Telus plans to sell a 49.9% stake in its 3,000-cell tower network to enhance its balance sheet and cut debt.
- The "Project Air" auction, led by TD Securities, may generate over CAD 1 billion (USD 700.3 million).
- Last year, the tower network produced CAD 160 million in revenue.
- Proceeds will focus on debt repayment and growth, attracting global investor interest.
- Canadian telecoms are exploring infrastructure asset sales, diverging from global trends.
