business / news / / GlobeNewswire
Crown Castle announced the successful close of the transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. and its Small Cell business to Arium Networks.
Crown Castle has sold its Fiber Solutions business to Zayo and its Small Cell business to EQT's Arium Networks for $8.5 billion.
KEY POINTS
- The asset sales will fund $1 billion in share repurchases and reduce more than $7 billion in debt.
- Crown Castle now positions itself as the only large, U.S.-focused, publicly traded pure-play tower company.
- Interest expense for 2026 is expected to decline by $40 million due to earlier-than-expected sale proceeds.
- AFFO guidance for 2026 increased by $50 million compared to the previous outlook.
COMPANIES
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