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Crown Castle ( (CCI) ) has issued an update.
On March 13, 2025, Crown Castle announced the sale of its Fiber segment to EQT and Zayo for $8.5 billion, marking the conclusion of a strategic review. This move positions Crown Castle as the only pure-play, publicly-traded U.S. tower company, allowing it to focus on enhancing shareholder value through increased capital efficiency and a new capital allocation framework, including a $3.0 billion share repurchase program. The transaction is expected to close in the first half of 2026, with proceeds aimed at repaying debt and funding share repurchases, maintaining an investment-grade credit rating.
More about Crown Castle
Crown Castle Inc. operates in the telecommunications infrastructure industry, primarily focusing on providing wireless infrastructure solutions. The company is known for its extensive portfolio of communication towers and is a key player in the U.S. market, catering to the increasing demand for wireless data.
YTD Price Performance: 6.76%
Average Trading Volume: 3,174,963
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $42.43B
Find detailed analytics on CCI stock on TipRanks’ Stock Analysis page.