Lightower Fiber Networks to be acquired in a $7.1 billion deal
Summary
Lightower Fiber Networks has agreed to be acquired by Crown Castle International Corp. for roughly $7.1 billion in cash, officials said. The combined company will have some 40,000 towers and 50,000 small cell nodes on air or under development , officials said. Lightower customers will now have access to new markets including ones in Miami, Tampa, Atlanta, Houston, Dallas, Los Angeles and other areas of Southern California. “We are excited about the addition of Lightower given its attractive fiber footprint and the value we believe it will create for our shareholders,” said Jay Brown, Crown Castle’s CEO in a statement. “Lightower’s dense fiber footprint is well-located in top metro markets in the Northeast and is well-positioned to facilitate small cell deployments by our customers.” (c) 2017 Rochester Business Journal.