You are here: Home » Reuters » News
Business Standard

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

Reuters 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, July 15 2017. 05:05 IST
RECOMMENDED FOR YOU