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via finance.yahoo.comCapital Markets

La Caisse to buy 49.9% stake in BCE towers for $1.7 billion

FROM THE WIRE · FINANCE.YAHOO.COM

(Bloomberg) -- Quebec's public pension manager will buy a 49.9% interest in wireless towers owned by BCE Inc., a deal that will help the telecommunications firm pare its debt. Most Read from Bloomberg Lula Wins Record Fourth Term in Surprise Brazil Comeback Apple's Foldable…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralInfrastructure financing deal helping BCE reduce debt, an ordinary but relevant transaction.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01La Caisse de Dépôt et Placement du Québec will pay C$2.45 billion for the stake.
  2. 02BCE cut its dividend in 2025 to free up cash for debt reduction.
  3. 03La Caisse did a similar deal last year with Telus.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
BCE Inc.BCEStock20.25 USDMarket closedtoday -0.74%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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