Crown Castle Completes Sale of Fiber Segment to EQT and Zayo Group in $8.5 Billion Deal

Paul, Weiss advised communications infrastructure company Crown Castle on the sale of its fiber segment to Arium Networks, an EQT Active Core Infrastructure fund company, and Zayo Group Holdings Inc. for a combined value of $8.5 billion. Under an agreement, Arium Networks acquired Crown Castle’s small cells business in a transaction valued at approximately $4.25 billion, and Zayo acquired Crown Castle’s fiber solutions business in a transaction also valued at approximately $4.25 billion.

The Paul, Weiss team was led by corporate partners Andrew Krause, Nickolas Bogdanovich and Scott Barshay, and included, among others, partners Danielle Penhall, Robert Zochowski, Mark Wlazlo, Mikhel Schecter, John Kennedy and Timothy Cruickshank; tax partners Brian Krause and Jeffrey Samuels; executive compensation partners Christopher Gonnella and Jean McLoughlin and  counsel Annie Anderson; intellectual property partner Claudine Meredith-Goujon; real estate partner Salvatore Gogliormella; antitrust partner Scott Sher; litigation counsel Audrey Paquet; and environmental counsel William O’Brien.