Overview

• The definitive agreement, reached Aug. 1, is subject to CRTC and Competition Bureau approvals expected by late September.
• Terrion, the newly formed entity, will hold roughly 3,000 towers across British Columbia, Alberta, Ontario and Quebec as Canada’s largest dedicated wireless tower operator.
• Telus will lease capacity on Terrion’s towers for an initial eight-year term with undisclosed renewal options to maintain service continuity.
• Telus plans to allocate the full $1.26 billion in proceeds to pay down its $25 billion long-term debt load.
• In the quarter ended June 30, Telus reported a $245 million net loss, declines in subscriber growth across every service category and a $500 million goodwill impairment on Telus Digital.