Crown Castle to sell fiber segment to EQT and Zayo

Crown Castle Sells Its Fiber Business for Combined $8.5 Billion
Telecommunications company Crown Castle Inc. has reached an agreement with an EQT AB fund and Zayo Group Holdings Inc. for each to buy separate parts of its fiber business for a combined value of $8.5 billion.
Crown Castle Stock Jumps as Firm Sells Fiber Optics Unit for $8.5B
Crown Castle sold its fiber optics business to EQT Active Core Infrastructure fund and Zayo Group Holdings for a total of $8.5 billion.
Crown Castle sells fiber and small cells assets to Zayo and EQT for $8.5bn
Crown Castle has announced an agreement has been reached to sell its fiber assets for a combined $8.5 billion. The company has agreed to sell its fiber assets to Zayo Group, while EQT Active Core Infrastructure will buy its small cell assets.
Crown Castle to sell fiber segment to EQT and Zayo for $8.5B
Crown Castle (NYSE:CCI) will sell all of its fiber segment in two transactions to an EQT fund and Zayo Group Holdings for a total of $8.5B and use the proceeds to repay debt and to buy back stock, the company said on Thursday.
Zayo to acquire Crown Castle’s fiber business for $4 billion
Zayo said the purchase will expand its fiber network and reinforce its strategic focus on enabling AI and digital transformation across the U.S.
Crown Castle to sell fiber segment for $8.5 billion after strategic review
Following pressure from an activist investor that started over a year ago, one of Houston's largest public companies is making a big divestment.
Zayo to Acquire Crown Castle’s Fiber Solutions for $4.25B to Boost AI Infrastructure
Zayo, a leading communications infrastructure provider backed by DigitalBridge and EQT, announced it has entered into a definitive agreement to acquire Crown Castle’s Fiber Solutions business in a transaction valuing the business at approximately $4.25 billion.
Zayo to acquire Crown Castle’s Fiber Solutions unit
Zayo announced it has entered into a definitive agreement to acquire Crown Castle’s Fiber Solutions business in a transaction valuing the
Crown Castle to sell fiber assets to two entities in $8.5 billion deal
Crown Castle said on Thursday it will sell its fiber and small cell businesses to two entities in an $8.5 billion deal, after activist investor Elliott Investment Management pushed the wireless tower operator for changes.
Crown Castle to Sell Fiber Segment for $8.5 Billion
Crown Castle agreed to sell its fiber segment for $8.5 billion following a more than year-long strategic review of the business. The communications infrastructure owner and operator said Thursday it plans to sell the small cells part of the business to EQT Active Core Infrastructure,
Crown Castle to sell Fiber segment or $8.5B in aggregate, cuts annual dividend
The company announced that management has signed a definitive agreement to sell all of its Fiber segment, together with certain supporting
DigitalBridge Portfolio Company Zayo to Acquire Crown Castle’s Fiber Solutions Business in $4.25 Billion Transaction
DigitalBridge Group, Inc. (NYSE: DBRG), a leading global digital infrastructure investment firm, announced today that its portfolio company Zayo, which it acquired in partnership with EQT in 2020, has ...
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How to Play CCI Stock Amid Strategic Shifts & Fiber Segment Woes?
Crown Castle trades at a discount as it explores options for the fiber unit. Will this reshape its future or cut dividends?