Crown Castle Completes Sale of Fiber, Small Cell Businesses; Raises 2026 AFFO Outlook
Idag, 15:54
09:54 AM EDT, 05/01/2026 (MT Newswires) -- Crown Castle (CCI) said Friday it has completed the sale of its Fiber Solutions business to Zayo Group and its Small Cell business to Arium Networks for $8.5 billion.
The company will use a portion of the sale proceeds to repurchase shares worth $1 billion under its buyback program and reduce its outstanding debt by more than $7 billion, Crown Castle said.
Additionally, the company said it now expects 2026 AFFO per share of $4.53 to $4.65, compared with $4.38 to $4.49 previously. Analysts expect $4.48.
Price: 88.88, Change: +0.08, Percent Change: +0.08
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Crown Castle Completes Sale of Fiber, Small Cell Businesses; Raises 2026 AFFO Outlook
Idag, 15:54
09:54 AM EDT, 05/01/2026 (MT Newswires) -- Crown Castle (CCI) said Friday it has completed the sale of its Fiber Solutions business to Zayo Group and its Small Cell business to Arium Networks for $8.5 billion.
The company will use a portion of the sale proceeds to repurchase shares worth $1 billion under its buyback program and reduce its outstanding debt by more than $7 billion, Crown Castle said.
Additionally, the company said it now expects 2026 AFFO per share of $4.53 to $4.65, compared with $4.38 to $4.49 previously. Analysts expect $4.48.
Price: 88.88, Change: +0.08, Percent Change: +0.08
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