TPG Said in Talks to Buy Crown Castle Unit for $8 Billion (1)

TPG Inc. is in advanced talks to buy tower operator Crown Castle Inc.’s fiber business for about $8 billion, according to people familiar with the matter.

A deal for the fiber and wireless assets could be announced within weeks, said the people, who asked to not be identified because the talks are private. No final decision has been made and discussions could fall through or another buyer could emerge, the people added.

Representatives for TPG and Crown Castle declined to comment.

Crown Castle launched a review of the fiber business last year as part of a pact with activist ...