Quebecor has said it has no plans to sell its cellular towers, going against the trend of Rogers and Telus, which have both struck deals to sell off a large portion of their cell towers across Canada.

CEO Pierre Karl Péladeau stated in the company’s earnings call on Thursday that selling off infrastructure to increase cash flow isn’t part of the company’s plan. “We don’t need to impair our future free cash flows with additional interest costs from Byzantine financial engineering structure,” said Peladeau, according to the The Canadian Press .

Last week, Telus sold off almost half (49.9 per cent) of its cell tower infrastructure (Terrion) to Quebec-based pension fund manager La Caisse for roughly $1.26 billion. This is a common practice in countries like the United States and Europe, note

See Full Page