Canadian operator Telus has been considering selling a minority stake in its wireless tower portfolio. This strategic play is meant to strengthen its balance sheet. This possible sale is just one move in the company’s recent USD 9 billion plan to reduce its debt burden. The big Canadian telecommunications company, trading under “T” on the Toronto Stock Exchange, says it wants a smarter way to optimize its network operations. It intends to monetize its assets in order to reach this goal.
On March 26, 2025, The Canadian Press published an article covering the possible sale of Telus. Darren Entwistle, President and CEO of Telus, touted the company’s audacious plans in a statement. Finally, they want to use their tower portfolio to get on a sound financial footing and improve operating strengths. Wireless towers are highly valuable assets for Telus. They can do wonders to help the company gain and someday surpass its much-heralded competitive edge in the telecom space.
Doug French, Telus's Chief Financial Officer, supports the exploration of various opportunities to reduce the company's debt. The pending sale of a minority stake in the wireless towers is one such opportunity being looked at. By monetizing these assets, Telus hopes to improve its financial standing while continuing to invest in network improvements and innovations.
Telus’s possible sale would be more than a short-term windfall. It’s a long-term play as well, though—to set themselves up for continued sustainable growth, and to operate more efficiently. As the telecommunications industry evolves, companies like Telus are tasked with finding innovative ways to manage resources and invest in future technologies.
