Crown Castle Buys Wilcon, Adds to Its Fiber Holdings
Crown Castle said it signed an agreement to buy privately held fiber player Wilcon for $600 million from Pamlico Capital and other unit holders of the company. Wilcon owns about 1,900 route miles of fiber, primarily in Los Angeles and…
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San Diego, Crown Castle said in a Monday news release. With the buy, the company said it will own or have rights to more than 28,000 miles of fiber. Crown Castle said it expects to close the deal in Q3 this year. “The acquisition of Wilcon provides us an extensive set of dense metro fiber assets that will enable us to continue to deliver fiber-fed small cell solutions for our wireless customers in our fastest growing and most active market,” said Jay Brown, Crown Castle CEO. “Longer-term, we believe Wilcon’s well-located assets across the greater Los Angeles and San Diego metro areas, combined with its currently low utilization rate, provide us with a long runway of growth opportunities to pursue small cell deployments for our wireless customers as they seek to improve and enhance their networks to meet growing demand for high-speed, high-capacity wireless services.”