CROWN CASTLE INC. acquires NextG Networks, Inc.
Snapshot
CROWN CASTLE INC. acquired NextG Networks, Inc. for approximately $1.0 billion in April 2012. The transaction was structured as all cash. NextG Networks, Inc. is a United States; over 7,000 DAS nodes-on-air, 4,600+ miles of fiber-based Fiber / small cells (DAS) business.
- Acquirer
- CROWN CASTLE INC.
- Target
- NextG Networks, Inc.
- Value
- approximately $1.0 billion
- Date
- April 2012
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
CROWN CASTLE INC. acquired NextG Networks, Inc. for approximately $1.0 billion, a transaction completed in April 2012, structured as all cash.
NextG Networks, Inc. operates in Fiber / small cells (DAS), is based in United States; over 7,000 DAS nodes-on-air, 4,600+ miles of fiber. Crown Castle acquired NextG Networks, Inc., the largest provider of outdoor distributed antenna systems (DAS), for approximately $1.0 billion in cash. NextG had over 7,000 nodes-on-air and a further 1,500 nodes under construction, plus rights to over 4,600 miles of fiber. DAS is a network of antennas connected by fiber to a communications hub designed to facilitate wireless services for multiple operators.
Broadens Crown Castle's wireless infrastructure offering by adding the largest DAS provider, expanding its portfolio of small-cell coverage and capacity solutions beyond areas traditionally served by towers.
Largest outdoor DAS provider, giving Crown Castle leadership in the emerging small-cell market. Crown Castle small cells segment
No advisory firms have been disclosed for this transaction.