You won't own it, and the Telecommunications Act does not allow foreign ownership over 20%.
Why are you selling that critical telecommunications infrastructure, other than the fact that you ran up too much debt in your other businesses? Now you're selling off the kitchen table to pay for the bad debts you ran up in the other parts of your business.
It is incredible that you would sell such a critical piece of infrastructure to an American hedge firm. Quite frankly, I can't see how that is within the laws of Canada.