Telus puts stake in cell phone tower network up for sale, Globe and Mail says

Telus (TU) has formally put a stake in its cell phone tower network up for sale with an estimated C$1B-plus price tag, reported The Globe and Mail’s Andrew Willis and Irene Galea. Telus has hired TD Securities to pitch institutional investors and tower owners on acquiring a 49.9% stake in its 3,000-tower portfolio, according to sources familiar with the process, the Globe and Mail said.