-- 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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。