Telecommunications REIT Crown Castle Inc. is exiting its fiber and small cell businesses for a total of $8.5 billion to become a pure-play tower company. EQT Active Core Infrastructure fund will acquire the small cells business and Zayo Group Holdings Inc. will take the fiber solutions business. The two deals are expected to close in the first half of 2026.
In a statement, Houston-based Crown Castle said the sales represent “a unique opportunity to enhance shareholder value by providing focused exposure to what we believe to be the best market for wireless infrastructure in the world, which is expected to continue to experience increasing demand for wireless data that is expected to drive tower growth for years to come.” The company has a portfolio of about 40,000 towers nationwide.
The company launched a fiber review committee in December 2023 to explore options for the business. Upon closing of the sales, Crown Castle will launch a $3-billion share repurchase.
The post Crown Castle to Sell Fiber, Small Cell Businesses for $8.5B appeared first on Connect CRE.