Telus, a prominent Canadian telecom operator, is contemplating the sale of a minority stake in its wireless tower portfolio. This potential sale is part of a strategic effort to enhance its financial standing. CEO Darren Entwistle emphasized the importance of meeting Telus’ economic parameters while exploring avenues to monetize these infrastructure assets.
The company remains tight-lipped on specific details, but reports suggest Telus might divest up to 49.9% of its 3,000 towers. This could potentially raise over CAD 1 billion, which translates to roughly $700 million. The process appears to involve discussions with private equity entities, pension funds, and international telecom…
