TPG in Advanced Talks to Acquire Crown Castle's Fiber Unit [Yahoo! Finance]
Crown Castle Inc. (CCI)
Last crown castle inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
Per Bloomberg, the deal for the fiber and wireless assets is expected to be announced in the coming weeks. No final decision has been made and there is a chance that the ongoing discussions may not succeed or a different buyer might appear. Over the past few years, private equity firms have been actively investing in fiber and digital infrastructure companies to facilitate their expansion efforts. Crown Castle's wireless portfolio includes a network of small cells, which are small antennas that boost the capacity of wireless networks. These small cells are interconnected via fiber optic cable. The potential sale would enable Crown Castle to focus on its core towers business, which consists of more than 40,000 towers across the United States as of Sept. 30, 2024. In October 2024, TPG, along with fiber network owner Zayo Group, was in contention for the acquisition of this business as reported by Reuters. Shares of this Zacks Rank #2 (Buy) company have declined 6% in the past s
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CCI
News
- BXP Witnesses Strong Leasing Momentum, Gets Renewal From Ropes & Gray [Yahoo! Finance]Yahoo! Finance
- TPG in Advanced Talks to Buy Crown Castle Fiber Unit for $8 Billion [Yahoo! Finance]Yahoo! Finance
- TPG in advanced talks to buy Crown Castle's fiber unit for $8 billion, source says [Yahoo! Finance Canada]Yahoo! Finance Canada
- TPG in advanced talks to buy Crown Castle's fiber unit for $8 billion, source says [Yahoo! Finance]Yahoo! Finance
- Crown Castle gains on report it's close to $8B sale of fiber unit to TPG [Seeking Alpha]Seeking Alpha
CCI
Earnings
- 10/16/24 - Beat
CCI
Sec Filings
- 12/6/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- CCI's page on the SEC website