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Crown Castle To Sell Fiber Segment to EQT and Zayo Group in $8.5 Billion Deal
- Client News
- March 13, 2025
Paul, Weiss is advising communications infrastructure company Crown Castle on the sale of its fiber segment to EQT Active Core Infrastructure fund and Zayo Group Holdings Inc. for a combined value of $8.5 billion. Under an agreement, EQT will acquire Crown Castle’s small cells business in a transaction valued at approximately $4.25 billion, and Zayo will acquire Crown Castle’s fiber solutions business in a transaction also valued at approximately $4.25 billion.
The deal, expected to close in the first half of 2026 subject to receipt of required regulatory approvals and other customary conditions, will enhance value for Crown Castle’s shareholders and position the company for long-term success as a focused, pure-play U.S. tower company.
The Paul, Weiss team is led by corporate partners Andrew Krause, Nickolas Bogdanovich and Scott Barshay, and includes partners Danielle Penhall, Mark Wlazlo, Robert Zochowski, Mikhel Schecter, Timothy Cruickshank, John Kennedy, Christodoulos Kaoutzanis, Frances Mi and Patricia Vaz de Almeida and counsel Anya Richter Hodes and Nathan Mitchell; tax partners Brian Krause and Jeffrey Samuels; executive compensation partners Christopher Gonnella and Jean McLoughlin; intellectual property partners Claudine Meredith-Goujon and Brianna van Kan; real estate partner Salvatore Gogliormella; antitrust partner Scott Sher; litigation partners Geoffrey Chepiga, Andre Bouchard and Andrew Gordon and counsel Audrey Paquet, Benjamin Klein and David Cole; and environmental counsel William O'Brien.