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Exclusive - Crown Castle in bid to buy Lightower Fiber Networks: sources


By Liana B. Baker and Carl O'Donnell(Reuters) - U.S. telecommunications tower operator Crown Castle International Corp made an offer this week to acquire Lightower Fiber Networks for more than $7 billion, including debt, according to people familiar with the matter.The deal would mark Crown Castle's biggest acquisition to date, giving it ownership of a broadband infrastructure provider with significant fibre assets, which would allow it to further diversify away from its traditional tower business.Private equity firm Berkshire Partners LLC, the majority owner of Lightower, will spend the ...

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First Published: Sat, July 15 2017. 05:05 IST