Crown Castle Announces Closing of Sale of Fiber and Small Cell Businesses and Updates Full Year 2026 Outlook

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[{"type":"text","content":"Crown Castle Announces Closing of Sale of Fiber and Small Cell Businesses and Updates Full Year 2026 Outlook\nHOUSTON, May 01, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (\"Crown Castle\") today announced the successful close of the transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. (\"Zayo\") and its Small Cell business to Arium Networks, an EQT Active Core Infrastructure fund (\"EQT\") company for $8.5 billion, or approximately $8.4 billion net of preliminary adjustments under the stock purchase agreement. Consistent with prior disclosures, Crown Castle expects to use a portion of the sale proceeds to repurchase $1.0 billion of shares under its stock repurchase program approved by its Board of Directors effective May 1, 2026, and reduce outstanding debt by more than $7.0 billion.  \"With the completion of the transactions, Crown Castle is now the only U.S. focused, large publicly traded pure-play tower company and is well positioned to become a best-in‑class operator in the world’s strongest wireless market,\" said Chris Hillabrant, Crown Castle's President and Chief Executive Officer. \"We believe this improved strategic focus enables greater customer alignment, faster decision‑making, and more disciplined execution across our high‑quality portfolio, accelerating our transformation and supporting long‑term shareholder value creation. I want to sincerely thank the teammates who supported our Fiber Solutions and Small Cell businesses for their professionalism and contributions throughout this transition and during their time at Crown Castle.\" OUTLOOKThis Outlook section contains forward-looking statements, and actual results may differ materially. Information regarding potential risks which could cause actual results to differ from the forward-looking statements herein is set forth below and in Crown Castle's filings with the SEC. The following table sets forth Crown Castle's current full year 2026 Outlook, which includes a $40 million decrease in interest expense and a $10 million increase in interest income compared to the previous full year 2026 Outlook issued on April 22, 2026. These changes are a result of Fiber Solutions and Small Cell businesses sale proceeds being received on May 1, 2026, rather than June 30, 2026, as assumed in the previous ...

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