Deals
Crown Castle Sells Its Fiber Business for Combined $8.5 Billion
Photographer: Bloomberg Creative Photos
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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.
The EQT Active Core Infrastructure fund will acquire Crown Castle’s small cells business, according to separate statements by the companies. Zayo, which is backed by EQT and DigitalBridge Group Inc., will independently acquire Crown Castle’s fiber solutions business.