### Crown Castle to Sell Fiber, Small Cell Businesses for $8.5 Billion
Telecommunications REIT Crown Castle Inc. is divesting its fiber and small cell businesses in a $8.5 billion deal to focus solely on its tower operations. The company announced that EQT Active Core Infrastructure fund will acquire the small cells business, while Zayo Group Holdings Inc. will take over the fiber solutions business. Both transactions are expected to close in the first half of 2026.
Houston-based Crown Castle stated that the sales present “a unique opportunity to enhance shareholder value by providing focused exposure to what we believe to be the best market for wireless infrastructure in the world.” The company anticipates continued growth in wireless data demand, which is expected to drive expansion in the tower sector, where it currently owns a portfolio of approximately 40,000 towers nationwide.
Crown Castle launched a fiber review committee in December 2023 to evaluate strategic options for the business. Once the sales are finalized, the company plans to initiate a $3 billion share repurchase program.
