-- Telus has formally listed a stake in its country-wide cell-phone tower network for sale, the Globe and Mail reported, citing people familiar with the matter.
-- The Canadian telecom hired TD Securities to pitch institutional investors and tower owners on acquiring a 49.9% stake in its 3,000-tower portfolio, the people said, according to the report.
-- The bank launched the auction last month under the code name "Project Air." Proceeds from a sale, which is estimated to have a price tag over 1 billion Canadian dollars (US$700.3 million), could be used to pay down debt and fund growth plans, the report said.
Full article at https://www.theglobeandmail.com/business/article-telus-td-bankers-tower-network-stake/
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 26, 2025 15:08 ET (19:08 GMT)
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