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Crown Castle buys FiberNet for US$1.5bn to boost fibre capacity

Connectivity BusinessbyConnectivity Business
November 1, 2016
in Investments
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US towerco Crown Castle is buying fibre services provider FPL FiberNet Holdings and certain other subsidiaries from power company NextEra Energy Inc for US$1.5bn in cash. FiberNet has rights to approximately 11,500 route miles of fibre installed and under construction in Florida and Texas, including approximately 6,000 route miles of fibre in major metropolitan areas. US towerco Crown Castle (NYSE:CCI) is buying fibre services provider FPL FiberNet Holdings and certain other subsidiaries from power […]

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Tags: Crown CastleFibernetNextEra Energy IncNorth AmericaPremiumTF250Tower Development Corporation
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