Crown Castle Announces Agreement to Sell Fiber Segment to EQT and Zayo for $8.5 billion

Crown Castle recently announced it has entered into a definitive agreement to sell its small cells and fiber solutions businesses to affiliates of EQT Active Core Infrastructure fund and Zayo Group Holdings Inc. for approximately $8.5 billion.

• Zayo Group Holding, a company under the umbrella of Digital Bridge Holding, led by industry veteran Marc Ganzi will be acquiring Crown Castle's Fiber Solutions business in a transaction valued at approximately $4.25 billion

• EQT Active Core Infrastructure fund ("EQT") will be acquiring Crown's small cell business in a separate transaction valued at approximately $4.25 billion

Crown Castle's long-anticipated divestiture of its fiber segment concludes a chapter of ambitious, ground-up development. Having successfully established itself as one of the big "4" tower companies through acquisitions like the T-Mobile and AT&T portfolios in 2012 and 2013, the company then embarked on a fiber / small cell expansion. This sale represents a decisive return to its foundational business: macro towers.

During our tenure at T-Mobile, we observed directly the financial and strategic complexities of Crown Castle establishing this segment of their business.

Now that Crown Castle is returning to its core business, it raises the question: will this lead to a more aggressive approach in their cell tower lease buyout and land acquisition strategies?

 https://investor.crowncastle.com/node/28251/html

https://www.rcrwireless.com/20250314/network-infrastructure/zayo-crown-castle-2

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