Zayo to acquire Crown Castle’s Fiber Solutions unit

Zayo announced it has entered into a definitive agreement to acquire Crown Castle’s Fiber Solutions business in a transaction valuing the business at approximately $4.25B. As part of the transaction, Zayo will acquire Crown Castle’s Fiber Solutions business while the EQT Active Core Infrastructure fund will independently acquire Crown Castle’s Small Cells business, as communicated in a separate transaction announcement today. Concurrent with the acquisitions, Zayo and the Small Cells business will enter into a long-term commercial agreement for Zayo to provide fiber to the Small Cells business. The total combined value of the Fiber Solutions and Small Cells transactions is $8.5B. “As AI reshapes industries and accelerates economic transformation, this transaction underscores the vital nature of fiber and the critical role it plays as the backbone of innovation, productivity and market growth,” said Marc Ganzi, Chief Executive Officer of DigitalBridge (DBRG). “With Crown Castle’s robust metro-focused assets, Zayo will be well-positioned to fuel AI adoption, enhance connectivity solutions and accelerate technological progress. We look forward to continuing to support Zayo as it helps to position the United States as a global powerhouse for AI and strengthen the country’s industrial capabilities.”