Mergers and Acquisitions

TELUS in its $1.26-billion wireless tower infrastructure partnership with La Caisse TELUS in its $1.26-billion wireless tower infrastructure partnership with La Caisse

TELUS
Key Contact
Brett Anderson

Partner, Corporate, Toronto

Team
Alex Gorka

Partner, Corporate, Toronto

Jeremy Wu

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Jessica Redmond

Associate, Corporate, Toronto

Alexandra Alacchi

Associate, Corporate, Toronto

Douglass Dawson

Partner, Corporate, Toronto

Jessie Armour

Associate, Corporate, Toronto

Ted Liu

Partner, Technology, Toronto

Alexia Magneron

Associate, Technology, Montréal

Ryan Nielsen

Partner, Real Estate, Toronto

Sandy Yeung

Associate, Real Estate, Toronto

Simon Laughlin

Associate, Real Estate, Toronto

Patrick Marley

Partner, Tax, Toronto

Sean Timlick

Associate, Tax, Toronto

Alan Kenigsberg

Partner, Tax, Toronto

Michelle Lally

Partner, Competition/Antitrust and Foreign Investment, Toronto

Zach Rudge

Associate, Competition, Trade and Foreign Investment, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Adam LaRoche

Partner, Privacy and Data Management; Employment and Labour, Calgary

Erika Romanow

Associate, Employment and Labour; Privacy and Data Management, Calgary

On August 1, 2025, TELUS announced a partnership with La Caisse, who will acquire a 49.9% interest in newly formed Canadian wireless tower infrastructure operator Terrion for $1.26 billion.

Terrion, a newly created — and Canada’s largest — tower operator headquartered in Montréal, will hold passive macro wireless infrastructure assets, commonly known as cell towers, that TELUS is carving out of its business.

Osler, Hoskin & Harcourt LLP advised TELUS with a cross-disciplinary team consisting of Brett Anderson, Alex Gorka, Jeremy Wu, Shira Dveris, Jessica Redmond, Alexandra Alacchi, Douglass Dawson, Jessie Armour (Corporate), Ted Liu, Alexia Magneron (Technology), Ryan Nielsen, Sandy Yeung, Simon Laughlin (Real Estate), Patrick Marley, James Chang, Sean Timlick, Alan Kenigsberg (Tax), Michelle Lally, Zach Rudge (Regulatory), Lynne Lacoursière, Nick Guadagnolo (Executive Compensation), Damian Rigolo (Employment), Jon Marin (Pensions and Benefits), Adam LaRoche and Erika Romanow (Privacy).

Value
$1.26 billion
Date Announced
August 1, 2025
Lead Office
Toronto
Key Contact
Brett Anderson

Partner, Corporate, Toronto

Team
Alex Gorka

Partner, Corporate, Toronto

Jeremy Wu

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Jessica Redmond

Associate, Corporate, Toronto

Alexandra Alacchi

Associate, Corporate, Toronto

Douglass Dawson

Partner, Corporate, Toronto

Jessie Armour

Associate, Corporate, Toronto

Ted Liu

Partner, Technology, Toronto

Alexia Magneron

Associate, Technology, Montréal

Ryan Nielsen

Partner, Real Estate, Toronto

Sandy Yeung

Associate, Real Estate, Toronto

Simon Laughlin

Associate, Real Estate, Toronto

Patrick Marley

Partner, Tax, Toronto

Sean Timlick

Associate, Tax, Toronto

Alan Kenigsberg

Partner, Tax, Toronto

Michelle Lally

Partner, Competition/Antitrust and Foreign Investment, Toronto

Zach Rudge

Associate, Competition, Trade and Foreign Investment, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Adam LaRoche

Partner, Privacy and Data Management; Employment and Labour, Calgary

Erika Romanow

Associate, Employment and Labour; Privacy and Data Management, Calgary