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Crown Castle confirms USD 7.1 billion takeover of Lightower
2017-07-19 09:07:00| Telecompaper Headlines
(Telecompaper) US towers operator Crown Castle confirmed the acquisition of fibre network operator Lightower for USD 7.1 billion. The price agreed with Lightower's owners Berkshire Partners, Pamlico Capital and other investors is worth around 13.5x the expected adjusted EBITDA contribution from Lightower in the first year of ownership. Lightower owns or has rights to 32,000 route miles of fibre in the Northeast US, including major metro areas such as Boston, New York and Philadelphia. The acquisition adds to a string of takeovers by Crown Castle in recent months to boost its backhaul network and will give the company a total 60,000 route miles of fibre at closing.
Tags: usd
billion
crown
castle
PPG Completes COLORFUL COMMUNITIES Project in Switzerland at Rolle Castle Park
2017-07-07 13:48:00| Coatings World Breaking News
Tags: project
park
communities
switzerland
North Castle Partners Sells Mineral Fusion to BWX Limited
2017-07-06 13:06:00| Happi Breaking News
Tags: north
limited
partners
castle
Castle Brands hails "outstanding" fiscal-2017 as sales climb, losses narrow - results
2017-06-15 14:08:00| Daily beverage news and comment - from just-drinks.com
Castle Brands has wrapped up a strong fiscal-2017, maintaining the momentum during the second half of the year.
Tags: results
sales
narrow
brands
Crown Castle to buy FiberNet for USD 1.5 bln
2016-11-01 16:52:00| Telecompaper Headlines
(Telecompaper) Crown Castle has agreed to acquire FiberNet for USD 1.5 billion cash. The deal includes certain units of NextEra Energy, all part of FiberNet, which owns or has rights to about 11,500 route miles of fibre installed and under construction in Florida and Texas, including 6,000 route miles in metro markets. Following completion, Crown Castle will own or have rights to 28,500 route miles of fibre.
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