Telus Closes $1.26B Terrion Tower Deal with Pension Giant | iPhone in Canada

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Telus closed a $1.26 billion deal with La Caisse for a 49.9% stake in its wireless tower subsidiary Terrion. The transaction values Terrion at more than $2.5 billion and gives Telus cash to reduce debt. Telus will keep control of Terrion while leasing tower space back from the business. La Caisse plans to support Terrion’s expansion by building and buying more towers and by broadening carrier access. The move follows similar tower monetization activity by Rogers in Canada.

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