Crown Castle Selling Australian Subsidiary
Crown Castle agreed to sell Australian subsidiary CCAL to a consortium of investors led by Macquarie Infrastructure and Real Assets for an aggregate price of about $1.6 billion, the seller said in a news release Thursday. The deal is expected…
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to be completed this quarter, it said. Crown Castle said it will likely use net proceeds to finance its previously announced acquisition of Sunesys and for general corporate purposes, including the repayment of debt.