TELUS collaborates on a $1.26-billion wireless tower infrastructure project with La Caisse in a partnership deal
TELUS and La Caisse Form Canada's Largest Wireless Tower Operator
In a significant move, TELUS has entered into a partnership with La Caisse on August 1, 2025, to create Terrion, Canada's largest wireless tower infrastructure operator. This partnership marks a significant step in the wireless industry, with Terrion set to hold passive macro wireless infrastructure assets, commonly known as cell towers.
Terrion, headquartered in Montréal, will be carving out these cell towers from TELUS's business. The acquisition cost for La Caisse amounts to $1.26 billion.
The cross-disciplinary team from Hoskin & Harcourt LLP advised TELUS on this partnership, with members such as Brett Anderson, Alex Gorka, Jeremy Wu, Shira Dveris, Jessica Redmond, Alexandra Alacchi, Douglass Dawson, Jessie Armour, Ted Liu, Alexia Magneron, Ryan Nielsen, Sandy Yeung, Simon Laughlin, Patrick Marley, James Chang, Sean Timlick, Alan Kenigsberg, Michelle Lally, Zach Rudge, Lynne Lacoursiere, Nick Guadagnolo, Damian Rigolo, Jon Marin, Adam LaRoche, and Erika Romanow playing key roles.
Terrion's areas of specialization include Employment matters, Pensions and Benefits, Privacy matters, Real Estate matters, Technology matters, Executive Compensation matters, Tax matters, Regulatory matters, and Corporate matters. Specifically, Damian Rigolo, Jon Marin, Adam LaRoche, and Erika Romanow specialize in Employment matters, while Ryan Nielsen, Sandy Yeung, and Simon Laughlin focus on Real Estate matters. Ted Liu and Alexia Magneron handle Technology matters, Lynne Lacoursiere and Nick Guadagnolo deal with Executive Compensation matters, and Patrick Marley, James Chang, Sean Timlick, Alan Kenigsberg, Michelle Lally, Zach Rudge specialize in Tax matters. Michelle Lally and Zach Rudge also handle Regulatory matters.
La Caisse will acquire a 49.9% interest in Terrion, marking a significant investment in the wireless tower infrastructure sector. This partnership is expected to bring about innovative solutions and advancements in the industry.
In this partnership, the finance aspect is embodied in the $1.26 billion investment made by La Caisse. This significant business deal in the technology sector aims to create Terrion, Canada's largest wireless tower operator.
