Crown Castle to Sell Fiber Segment for $8.5 Billion

Crown Castle agreed to sell its fiber segment for $8.5 billion following a more than year-long strategic review of the business. The communications infrastructure owner and operator said it plans to sell the small cells part of the business to EQT Active Core Infrastructure, and the fiber solutions segment to Zayo Group Holdings. The deal is expected to close in the first half of 2026. Crown Castle said it plans to use the cash proceeds to repay existing debt and fund anticipated share repurchases. Crown Castle aims to focus on its U.S. tower operations. It began a strategic review of the fiber business at the end of 2023.