Crown Castle Sells Its Fiber Business for Combined $8.5 Billion

Telecommunications company Crown Castle Inc. has reached an agreement with an EQT AB fund and Zayo Group Holdings Inc. for each to buy separate parts of its fiber business for a combined value of $8.5 billion.

The EQT Active Core Infrastructure fund will acquire Crown Castle’s small cells business, according to separate statements by the companies. Zayo, which is backed by EQT and DigitalBridge Group Inc., will independently acquire Crown Castle’s fiber solutions business.

Crown Castle, announcing the conclusion of its strategic review, said the transaction is expected to close in the first half of 2026, It also said ...