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Stock impact report

Zayo acquires Crown Castle's fibre business [Yahoo! Finance]

Crown Castle International Corp. (REIT) (CCI) 
Last crown castle international corp. (reit) earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.crowncastle.com
Company Research Source: Yahoo! Finance
The acquisition will bolster Zayo's capabilities in wavelength services, helping the company execute its strategic focus on investing in the critical fibre infrastructure to support the growth in data traffic driven by artificial intelligence across the US. The Crown Castle metro-focused assets will significantly improve Zayo's long-haul network coverage adding approximately 90,000 route miles of fibre to Zayo's network and increasing its overall reach to more than 70,000 on-net locations. This acquisition will strengthen Zayo's ability to deliver reliable, low-latency, high-capacity fibre solutions to businesses and service providers as the demand for cloud and AI-driven connectivity continues to rise. With the US fibre market being hypercompetitive, network connectivity providers must review their fibre network infrastructure to ensure they can support the increased demand for bandwidth and capacity to compete in an AI-driven market. The acquisition by Zayo is additional to t Show less Read more
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