EQT Group, Zayo To Acquire Crown Castle’s Fiber Solutions and Small Cells Business for $8.5 Billion

EQT Group, a Stockholm, Sweden-based investment firm, announced Thursday (Mar. 13) that it had acquired a small cells solutions business from Crown Castle, a Houston-based shared communication infrastructure-focused company, for $4.25 billion through its EQT Active Core Infrastructure fund.

The small cell solutions business that EQT is acquiring is a company that primarily focuses on building and operating localized networks to enhance wireless service. It currently serves the US’s top three mobile network operators and has 115,000 small cells across 43 states, helping to provide better coverage in high-demand, high-density areas.