Wall Street Journal

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.

Andrew Ferguson started his legal career with such a conventional antitrust practice—defending companies facing investigations and allegations of anticompetitive conduct—that his parents joked he was a “pro-trust lawyer.” A decade later, Ferguson’s rapid ascendance through Republican circles has put him in charge of the Federal Trade Commission, where he will try to chart a new course for antitrust enforcement: mixing MAGA populism with strains of the GOP’s traditional lighter-touch approach to regulation. While Ferguson has been outspoken in criticizing his