Reuters reports DigitalBridge and EQT-owned Zayo outbid private equity firm TPG for Texas-based Crown Castle’s assets.
While Zayo has outbid the competition, reports fail to stipulate if a deal is close. Zayo declined to comment when contacted by Capacity.
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Based in Houston, Crown Castle provides wireless infrastructure services, including owning and managing towers, fibre solutions and small cell networks.
Founded in 1994, the company provides infrastructure used by wireless carriers, enterprises, and governments.
Reports suggest Crown Castle is open to selling off assets like its fibre and small cell units to focus on its tower business, of which it operates more than 40,000 including monopole, lattice and guyed towers, and rooftop installations.
Capacity has contacted Crown Castle for comment.
The reported deal comes almost a year after Crown Castle’s leadership drama in which co-founder Ted Miller attacked the company’s leadership following a failed boardroom coup, where he tried to install himself as executive chair.