TELUS announced on September 11, 2025, the closing of its definitive agreement with La Caisse, a global investment group. La Caisse has acquired a 49.9% equity interest in Terrion, a newly formed Canadian wireless tower infrastructure operator, for approximately $1.26 billion.
This transaction values Terrion at over $2.5 billion and will directly reduce TELUS's net debt by $1.26 billion. This reduction is equivalent to approximately 0.17x of TELUS's current net debt-to-EBITDA ratio, significantly accelerating the company's deleveraging efforts.
The successful monetization of a minority stake in its world-class tower infrastructure enhances TELUS's financial flexibility and advances its progress toward robust and long-term sustainable growth. This strategic move is a key component of TELUS's commitment to strengthening its balance sheet.
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