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TELUS closes deal with La Caisse, which has acquired a 49.9% interest in Canadian wireless tower infrastructure operator Terrion
TELUS closes deal with La Caisse, which has acquired a 49.9% interest in Canadian wireless tower ...
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[{"type":"text","content":"TELUS closes deal with La Caisse, which has acquired a 49.9% interest in Canadian wireless tower infrastructure operator Terrion\n\n\n\n TELUS closes deal with La Caisse, which has acquired a 49.9% interest in Canadian wireless tower infrastructure operator Terrion\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Transaction successfully establishes Terrion as\n \n Canada's\n \n largest dedicated wireless tower operator, enabling tower access and co-location in support of national wireless competition in\n \n Canada\n \n\n\n\n\n TELUS will retain majority ownership of Terrion as proceeds used to accelerate deleveraging\n \n\n\n\n\n VANCOUVER, BC\n \n and\n \n MONTREAL\n \n\n ,\n \n\n Sept. 11, 2025\n \n\n /CNW/ - TELUS Corporation (\"TELUS\") today announced that it has closed its\n \n\n previously announced\n \n\n transaction with La Caisse, a global investment group and\n \n Canada's\n \n second-largest pension fund, which has acquired a 49.9% equity interest in each of\n \n\n Terrion LP\n \n\n (\"Terrion\") and its general partner, Terrion GP Inc., for approximately\n \n $1.26-billion\n \n . The transaction values Terrion at over\n \n $2.5 billion\n \n and will reduce TELUS' net debt by\n \n $1.26 billion\n \n , or by approximately 0.17x of TELUS' current net debt-to-EBITDA ratio, accelerating deleveraging and advancing TELUS' progress toward robust and long-term sustainable growth.\n \n\n \"Today's announcement marks a significant milestone for both TELUS and\n \n Canada's\n \n telecommunications industry as a whole,\" said\n \n Darren Entwistle\n \n , President and CEO of TELUS. \"Indeed, with 3,000 sites across the country and growing, Terri...