Reported about 14 hours ago
Crown Castle Inc. has decided to sell its fiber business to EQT AB fund and Zayo Group Holdings for a total of $8.5 billion as part of a strategy to concentrate on its core tower assets. The deal, which includes the sale of the small cells business and fiber solutions, is expected to close by mid-2026 and will also involve a $3 billion share buyback program. This move follows a strategic review initiated in 2023, aimed at refining Crown Castle's focus and improving its market position.
Source: YAHOO