The Globe and Mail reports in its Tuesday edition that investors have lost their love for the big telcos. The Globe's Andrew Willis writes that a combination of consumer-friendly price competition on cellphone and Internet services and a sharp drop in immigration numbers knocked back stock prices at BCE, Rogers and Telus over the past year. Ahead of the sector's release of financial results over the next two weeks, Bay Street is telling telco bosses to sell off infrastructure such as cellphone towers and satellite services and use the cash to pay down debt. Brookfield owns a network in India, OMERS runs towers in Australia and the Ontario Teachers invested in New Zealand towers. However, Rogers's recent experience demonstrates that selling infrastructure does not change the way investors view the company's prospects. Back in October, the company announced plans to sell a minority stake in its wireless backhaul business to Blackstone for $7-billion. It is now clear investors are more concerned with the telecom's growth prospects than its debt load. Canadian telco revenues are now growing at a slower pace than those of U.S. companies, and at least one analyst predicted U.S. trade battles could result in further pain.