Story perspectives

EQT and Zayo Acquire Crown Castle for $8.5 Billion

3/14/2025

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Summary

Story summary

EQT AB will acquire Crown Castle's Small Cells business for $4.25 billion, while Zayo Group will purchase its Fiber Solutions for the same amount, totaling $8.5 billion.
Zayo's acquisition adds 90,000 route miles of fiber, expanding its network to over 70,000 locations, supporting AI and digital transformation.
The transactions are set to close in the first half of 2026, pending regulatory approval.
Crown Castle will refocus on its core tower business, managing over 40,000 towers in the U.S.

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Story summary

EQT AB will acquire Crown Castle's Small Cells business for $4.25 billion, while Zayo Group will purchase its Fiber Solutions for the same amount, totaling $8.5 billion.
Zayo's acquisition adds 90,000 route miles of fiber, expanding its network to over 70,000 locations, supporting AI and digital transformation.
The transactions are set to close in the first half of 2026, pending regulatory approval.
Crown Castle will refocus on its core tower business, managing over 40,000 towers in the U.S.