TPG in Advanced Talks to Acquire Crown Castle Fiber Unit for $8 Billion Amid 1.1% Decline
TPG is reportedly in advanced negotiations to acquire the fiber unit of Crown Castle for approximately $8 billion. This potential deal comes as Crown Castle's stock has seen a slight decline, with shares down 1.1% in pre-market trading. The discussions highlight TPG's ongoing interest in expanding its telecommunications infrastructure portfolio, particularly in the fiber sector.
Sources
CHItrader
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- CHItrader
$TPG $CCI In talks to acquire Crown Castle's fiber unit for ~$8 billion.
Open Outcrier $CCI (-1.1% pre) TPG Said In Advanced Talks To Buy Crown Castle (CCI) Fiber Unit - Bloomberg https://t.co/FIK7HqiH6e