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UPDATE 1-Crown Castle to sell Australian unit for A$2 bln

2015-05-15 06:21:28| Telecom - Topix.net

Telecommunications tower operator Crown Castle International Corp said it would sell its Australian unit for about A$2 billion in cash to a group of investors led by Macquarie Infrastructure and Real Assets. Crown Castle owns a 77.6 percent stake in the unit - Crown Castle Australia - which claims to be the largest independent tower operator in Australia with a portfolio of about 1,800 sites.

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