Crown Castle Inc. Completes Sale of Fiber and Small Cell Businesses and Updates 2026 Outlook

Crown Castle Inc. has announced the successful closing of the sale of its Fiber Solutions business to Zayo Group Holdings Inc. and its Small Cell business to Arium Networks for a combined total of $8.5 billion in cash. The company expects to utilize a portion of these proceeds, approximately $1.0 billion, for a stock repurchase program and to reduce outstanding debt by over $7.0 billion. This strategic divestiture repositions Crown Castle as a pure-play U.S. tower company, aiming for enhanced operational focus and long-term shareholder value. The company also updated its full-year 2026 outlook, reflecting a $40 million decrease in interest expense and a $10 million increase in interest income due to the earlier-than-anticipated closing of the sale. Additionally, Christopher D. Levendos has resigned from his position as Executive Vice President and Chief Operating Officer—Fiber. A new stock repurchase program authorizing up to $1.0 billion has been authorized.