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17 July 2017
| Natalie Bannerman
Crown Castle has made a bid to acquire Lightower Fiber Networks in what would be its largest ever deal, according to Reuters.
In a transaction for more $7 billion including debt, the
deal would be Crown Castle’s biggest acquisition
to date, allowing it to diversify away from its traditional
Reuters sources added that Berkshire Partners LLC, who are
the majority owner of Lightower, are spending the next few days
analysing Crown Castle's bid with a deal set to made as early
as this month.
Lightower’s network, which covers 3,000 fibre
route miles, serving enterprises across various verticals,
would give Crown Castle ownership of a broadband infrastructure
provider with significant fibre assets, once the buyout is
completed. This will add to Crown’s existing
portfolio of 40,000 towers and 29,000 miles of fibre supporting
small cell towers.
Last month, Lightower launched an initiative to strengthen
its all-fibre connectivity to cable landing stations across the
US East Coast.
The news follows on from Crown’s $1.5 billion acquisition of FiberNet in
November of last year and the $600 million purchase of Wilcon in June of
No official comment from either parties
has been made.