Crown Castle Announces Closing of Sale of Fiber and Small Cell Businesses and Updates Full Year 2026 Outlook
Crown Castle closed the $8.5B sale of its Fiber and Small Cell businesses to Zayo and Arium Networks, officially transforming into a pure-play U.S. tower company. The company plans to use the ~$8.4B in net proceeds to reduce debt by more than $7.0B and repurchase $1.0 billion of shares.
Key figures
- Guidance
- Full Year 2026 AFFO $1.945B-$1.995B, raised by $50M midpoint vs prior outlook; AFFO per share $4.53-$4.65, raised by $0.16
- Deal Value Usd
- 8500000000
AI analysis
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