Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Macquarie is exploring strategic options for Altafiber, the telecommunications carrier formerly known as Cincinnati Bell, amid increasing demand for broadband internet services. Sources indicate that the company has hired advisers to assist in this process, with a potential sale valued at over $5 billion. Concurrently, TPG is in advanced talks to acquire Crown Castle's fiber unit for approximately $8 billion. This deal encompasses both fiber and wireless assets, with an announcement expected in the coming weeks, provided negotiations proceed smoothly. Following the news, Crown Castle's shares experienced a 2.1% increase.
🚨TPG IN ADVANCED TALKS TO ACQUIRE CROWN CASTLE'S FIBER UNIT FOR $8 BILLION Private equity firm TPG is nearing a deal to purchase Crown Castle's fiber unit for $8 billion, according to a source familiar with the matter. Crown Castle shares rose 2.1% after the news, though… https://t.co/lChVuG24JA
TPG in advanced talks for $8 bln buy of Crown Castle fiber unit- Bloomberg https://t.co/tAW7QWvdit
Scoop: TPG is in advanced talks to buy Crown Castle's fiber unit for about $8 billion, sources say. A deal for the fiber and wireless assets could be announced in the coming weeks, assuming talks don't fall apart. Story with @GillianTan https://t.co/DaYjW8u3J9
