Crown Castle agrees USD7.1bn Lightower acquisition

19 Jul 2017

Crown Castle International has announced that it has entered into a definitive agreement to acquire LTS Group Holdings (Lightower) from Berkshire Partners, Pamlico Capital and other investors for approximately USD7.1 billion in cash (subject to certain limited adjustments). Crown Castle anticipates closing the transaction by the end of 2017.

Lightower owns – or has rights to – approximately 32,000 route miles of fibre located primarily in top metropolitan markets in the North-east, including Boston, New York and Philadelphia. Following completion of the transaction, Crown Castle will own or have rights to approximately 60,000 route miles of fibre – effectively doubling its current footprint.

United States, Crown Castle International, Lightower Fiber Networks