Crown Castle completes $600m purchase of Wilcon
27 June 2017 | Alan Burkitt-Gray
US carrier Crown Castle has completed its purchase of Wilcon Holdings from private equity investors, giving it 1,900 route miles of fibre in California.
The acquisition, first proposed in April 2017, increases Crown Castle’s fibre assets to 28,000 route miles, said the company, which paid $600 million for the acquisition.
“The acquisition of Wilcon provides us an extensive set of dense metro fibre assets that will enable us to continue to deliver fibre-fed small cell solutions for our wireless customers in our fastest growing and most active market,” said Jay Brown, Crown Castle CEO, when the deal was announced.
Crown Castle runs shared wireless infrastructure by running small cells and 40,000 mobile phone towers via its own fibre networks.
“We believe Wilcon’s well-located assets across the greater Los Angeles and San Diego metro areas, combined with its currently low utilisation rate, provide us with a long runway of growth opportunities to pursue small cell deployments for our wireless customers as they seek to improve and enhance their networks to meet growing demand for high-speed, high-capacity wireless services,” said Brown.
Crown Castle originally expected the acquisition to close in the third quarter of 2017, but the deal was completed before the end of the second quarter. It bought the company from Pamlico Capital and other shareholders.
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