Cell-tower owner Crown Castle International Corp. said Thursday that it has reached a deal to sell its Australian subsidiary CCAL for about $1.6 billion in cash to a consortium of private equity investors, as it focuses on expanding its U.S. network.
Crown CCI, +0.00% expects net proceeds of approximately $1.3 billion and said it intends to use the proceeds in part to finance its $1 billion acquisition of Sunesys, a subsidiary of Quanta Services, Inc. PWR, +0.75% , which it announced last month. The Sunesys deal is a move to widen Crown’s fiber footprint and increase its presence in large U.S. markets.
The CCAL transaction is expected to close during the quarter. The group of buyers is led by Macquarie Infrastructure and Real Assets. |
发表于 2015-5-14 09:46
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