Crown Castle linked with USD7bn Lightower Fiber bid

17 Jul 2017

US tower operator Crown Castle International has reportedly registered an offer of USD7 billion, including debt, to acquire Lightower Fiber Networks, Reuters reports, citing people familiar with the matter. Private equity firm Berkshire Partners – the majority owner of Lightower – will spend the next few days analysing Crown Castle’s bid before agreeing to a sale, the sources told the news agency on Friday. A deal could be agreed as early as this month, the sources added.

Lightower has reportedly attracted interest from other telecommunications infrastructure companies, including Uniti Group, while unverified reports last month suggested that Altice Group was weighing up a deal for the infrastructure firm. If it comes to fruition, the deal would mark Crown Castle’s largest acquisition to date.

Lightower claims that its network extends over 33,000 route miles throughout the North-east, Mid-Atlantic, and Mid-west, providing dense connectivity to more than 22,000 service locations, 275 data-centres, and 7,000 wireless towers and small cells.

United States, Crown Castle International, Lightower Fiber Networks