EQT to acquire Crown Castle's Small Cells Solutions business

Whats Happening:

EQT's Active Core Infrastructure fund is set to acquire Crown Castle's Small Cells Solutions business for approximately $4.25 billion. The deal involves purchasing a nationwide portfolio of about 115,000 small cells across 43 states, serving the top three U.S. mobile network operators. This acquisition aligns with EQT's strategy of investing in long-term contracted, core infrastructure assets with strong growth potential.

Key Moves:

• EQT to acquire Crown Castle's Small Cells Solutions business for $4.25 billion

• Transaction includes a portfolio of 115,000 small cells across 43 states

• EQT aims to support the Company's growth and strengthen its asset base

By The Numbers:

• Acquisition valued at approximately $4.25 billion

• Portfolio includes 115,000 small cells on air or under contract

• Small Cells business serves top three U.S. mobile network operators

Key Quotes:

• "Small cell networks are an essential part of the digital infrastructure ecosystem," said Alexander Greenbaum, Partner and Head of EQT's Active Core Infrastructure Advisory team.

• "With EQT's deep experience in digital infrastructure and active approach to value creation, we see significant opportunity to support the Company's continued growth."

• "We look forward to partnering with the business to help fuel its next phase of growth, drive cutting-edge innovation, and support the long-term expansion of critical digital infrastructure."

Bottom Line:

EQT's acquisition of Crown Castle's Small Cells Solutions business represents a significant move in the digital infrastructure space. The $4.25 billion deal positions EQT to capitalize on the growing demand for network densification driven by 5G, IoT, and AI technologies. This strategic investment aligns with EQT's focus on long-term contracted, core infrastructure assets with strong growth potential in the evolving digital landscape.

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