Telus Taps TD Securities to Sell Stake in Cell-Phone Tower Network, Sources Say, the Globe and Mail Reports

Dow Jones

Mar 27, 2025

-- 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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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4115","symbol_name":"综合电信业务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522352332","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522352332","pubTimestamp":1743016080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- 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 , could be used to pay down debt and fund growth plans, the report said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4115":"综合电信业务","TU":"泰勒斯","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","BK4207":"综合性银行","TD":"道明银行","BK4566":"资本集团","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"据《环球邮报》报道，消息人士称，Telus利用道明证券出售手机信号塔网络的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TU":0.9,"TD":1},"content_text":"-- 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. \n\n\n  -- 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. \n\n\n  -- 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. \n\n\n \n\n\n  Full article at https://www.theglobeandmail.com/business/article-telus-td-bankers-tower-network-stake/ \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2025 15:08 ET (19:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}