Crown Castle Completes Sale of Fiber Solutions and Small Cell Businesses for $8.5 Billion
Crown Castle (CCI) has completed the sale of its Fiber Solutions business to Zayo Group Holdings Inc. and its Small Cell business to Arium Networks, totaling $8.5 billion in proceeds. The company plans to use a portion of the funds to repurchase shares worth $1 billion and reduce debt by over $7 billion.
Tickers: $CCI
Topics: Arium Networks Crown Castle debt reduction stock repurchase Zayo Group Holdings