Crown Castle Made a $7 Billion-Plus Bid for Lightower Fiber Networks; Keeping FVE at $95
On July 14, Reuters reported that Crown Castle placed a bid to acquire privately owned Lightower Fiber Networks in a deal valued at more than $7 billion, including existing debt, which would be the largest acquisition Crown Castle has ever made. Lightower Fiber Networks is a major infrastructure-based communications service provider with over 33,000 fiber route miles and connectivity to over 7,000 wireless towers and small cells. The acquisition would add significant fiber assets to Crown Castle...Crown Castle International is a holding company. Through its subsidiaries, the company owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including towers and other structures, such as rooftops (collectively, towers), and fiber primarily supporting small cell networks (small cells) and fiber solutions. The company's towers, fiber and small cells assets are collectively referred to herein as communications infrastructure. The company's core business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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