Telus Could Reach Debt Objectives With Sale of Wireless Tower Stake -- Market Talk

Dow Jones
03-28

0829 ET - A Telus sale of a minority interest in its wireless tower portfolio could be a good way to help deleverage the company. While the decision isn't final, Desjardins' Jerome Dubreuil says that there shouldn't be any regulatory issues, and that it shouldn't interfere with its network-sharing agreement with BCE. "Infrastructure divestitures have the potential to help deleveraging and to unlock value," Dubreuil says. He notes that management indicated that all of the potential proceeds would go toward debt repayment.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 28, 2025 08:29 ET (12:29 GMT)

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