DivestmentMay 1, 2026, 09:20 AM
CCI Closes Fiber & Small Cell Sale for $8.5B; Updates 2026 Outlook
AI Summary
Crown Castle Inc. announced the successful close of its transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. and its Small Cell business to Arium Networks for $8.5 billion. The company plans to use a portion of the proceeds to repurchase $1.0 billion in shares and reduce outstanding debt by over $7.0 billion. This strategic move positions Crown Castle as a pure-play tower company and has led to an updated, improved full year 2026 financial outlook, primarily due to earlier receipt of sale proceeds.
Key Highlights
- Crown Castle completed the sale of its Fiber Solutions business to Zayo and Small Cell business to Arium Networks for $8.5 billion ($8.4B net).
- Company plans to use over $7.0 billion of proceeds to reduce outstanding debt.
- Crown Castle expects to repurchase $1.0 billion of shares under its stock repurchase program.
- Full year 2026 Net income outlook increased by $50 million to $690M-$970M.
- Full year 2026 FFO outlook increased by $50 million to $1,690M-$1,720M.
- Full year 2026 AFFO outlook increased by $50 million to $1,945M-$1,995M.
- Interest expense for full year 2026 is expected to decrease by $40 million compared to previous outlook.