TPG in advanced talks to buy Crown Castle's fiber unit for $8 billion, source says [Yahoo! Finance]
Crown Castle Inc. (CCI)
Last crown castle inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
(Reuters) - Buyout firm TPG is in advanced talks to buy the fiber unit of tower operator Crown Castle for about $8 billion, a person familiar with the matter said. Shares of the Houston, Texas-based Crown Castle were up 2.1% in trading after the bell. A deal for the fiber and wireless units could be announced within weeks, the source said. However, the source added that while no final decision has been made, the discussions could fall through or another buyer could emerge. The development was first reported by Bloomberg News. TPG, along with fiber network owner Zayo Group, was vying for Crown Castle's fiber and wireless assets, Reuters had reported in October, citing people familiar with the matter. If the talks are successful, the deal would come at a time when mergers are heating up in the fiber industry. With the rapid growth of fiber broadband boosting business for infrastructure providers such companies such as Crown Castle are being seen as attractive acquisition
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CCI
News
- TPG in Advanced Talks to Acquire Crown Castle's Fiber Unit [Yahoo! Finance]Yahoo! Finance
- 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
- 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