Crown Castle International $1.5 billion acquisition of FiberNet

1/11/2016

Public acquisition

Value:

$ 1.5 billion

Status:

Announced

Date:

1/11/2016

Overview:

Wireless infrastructure provider Crown Castle International has acquired FiberNet in a $1.5 billion deal.
The fiber-optic telecommunications business was sold by NextEra Energy.
The sale of FiberNet follows a divestment of power plant assets by NextEra this past August.
The deal is expected to close within the first half of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:

Cravath Swaine & Moore

Party: Crown Castle International (Acquirer)

Lawyer: Stephen Burns

Hogan Lovells

Party: NextEra Energy Resources (Seller)

Lawyers: Brian O'Fahey, Joseph Gilligan

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