DigitalBridge and EQT-backed Zayo to acquire the fiber solutions business from Crown Castle for $4.25bn.

DigitalBridge and EQT-backed Zayo, a communications infrastructure provider, agreed to acquire the fiber solutions business from Crown Castle, a real estate investment trust and provider of shared communications infrastructure, for $4.25bn. “We are strategically investing in expanding and enhancing our country’s critical network infrastructure to meet the demands of hyperscalers, data centers, enterprises and carriers that will facilitate the growing AI economy. This acquisition strengthens our ability to deliver the reliable, low-latency, high-capacity fiber solutions our customers need to scale in an increasingly data-driven world, and furthers our commitment to providing world class customer service and solutions,” Steve M. Smith, Zayo CEO.