Wire
Crown Castle Completes Sale of Fiber, Small Cell Businesses; Raises 2026 AFFO Outlook
Crown Castle (CCI) said Friday it has completed the sale of its Fiber Solutions business to Zayo Group and its Small Cell business to Arium Networks for $8.5 billion.The company will use a portion of the sale proceeds to repurchase shares worth $1 billion under its buyback program and reduce its outstanding debt by more than $7 billion, Crown Castle said.Additionally, the company said it now expects 2026 AFFO per share of $4.53 to $4.65, compared with $4.38 to $4.49 previously. Analysts expect $4.48.Price: $88.88, Change: $+0.08, Percent Change: +0.08%
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