Home Crown Castle buys Sunesys for USD 1 bln
 

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Crown Castle buys Sunesys for USD 1 bln

2015-04-30 12:41:00| Telecompaper Headlines

(Telecompaper) Crown Castle said it has agreed to acquire Quanta Fiber Networks (Sunesys) for USD 1.0 billion in cash, subject to a few limited adjustments. Sunesys, wholly owned by Quanta Services, is a fibre services provider with nearly 10,000 miles of fibre in major metropolitan markets across the US, including Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley, and northern New Jersey. Around 60 percent of the fibre miles are located in the top ten basic trading areas (BTAs). The acquisition of Sunesys will more than double Crown Castle's fibre footprint available for small cell deployments and expand the company's presence in many of the top US metropolitan markets. Crown Castle currently owns or has rights to 7,000 miles of fibre supporting 14,000 nodes, which contribute 7 percent to site rental revenues and site rental gross margin. The figure will go to 16,000 miles of fibre after the acquisition.

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