19:50:03 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Telus Corp (2)
Symbol T
Shares Issued 1,514,156,582
Close 2025-03-27 C$ 20.43
Market Cap C$ 30,934,218,970
Recent Sedar Documents

Globe says big U.S. players may want Telus's towers

2025-03-28 09:05 ET - In the News

The Globe and Mail reports in its Friday edition that Telus has designed the potential $1-billion-plus sale of its cellphone tower network to attract offers from large U.S. operators and minimize regulatory issues as the federal government fights a trade war with President Donald Trump. The Globe's Andrew Willis and Irene Galea write that Telus is attempting to sell a 49.9-per-cent stake in its 3,000-tower national network, as the three largest domestic telcos look to pay down debt, finance growth plans and join global peers in selling infrastructure. After the sale, Telus and other telcos would pay its partner a fee to use the towers. "We have interested parties from all around the world," said Telus chief financial officer Doug French. "We would consider any partner at this stage. We will not be eliminating on geographical region." Mr. French declined to disclose a timeline for the sale. "We see a number of potential acquirers for the assets, including the U.S. tower companies," said CIBC analyst Stephanie Price in a report. She also highlighted Brookfield Infrastructure as a possible buyer. Pure play operators that would be interested include Boston-based American Tower, which runs 149,000 towers around the world.

© 2025 Canjex Publishing Ltd. All rights reserved.