Zayo, Backed By DigitalBridge And EQT Announces It Has Entered Into A Definitive Agreement To Acquire Crown Castle's Fiber Solutions Business In A Transaction Valuing The Business At ~$4.25B

Continues Significant Investments in Critical Fiber Infrastructure to Facilitate AI Future and Support Reindustrialization of the United States

Transaction to Add Significant, Complementary Scale to Better Support Enterprise Customers in Key Metro Areas Across the United States

Zayo, a leading communications infrastructure provider backed by DigitalBridge and EQT, today announced it has entered into a definitive agreement to acquire Crown Castle's Fiber Solutions business in a transaction valuing the business at approximately $4.25 billion.

This acquisition advances Zayo's strategic focus on investing in the critical fiber infrastructure that will support the growth of artificial intelligence (AI) across the United States and drive economic acceleration, allowing enterprises to scale, compete and thrive in an increasingly digital world. Crown Castle's complementary metro-focused fiber assets extend Zayo's reach into strategically important geographies and will work hand-in-hand with the company's existing long-haul networks to connect data centers across the country, enabling mission-critical connectivity in cities and rural communities nationwide. With the Crown Castle assets, Zayo will provide enterprises with improved access to the networks that power cloud computing and AI, adding approximately 90,000 route miles of fiber to Zayo's network and increasing its overall reach to more than 70,000 on-net locations.

By strengtheningthe United States' fiber foundation, this transaction will look to drive efficiencies, unlock opportunities in new and growing AI corridors and create the resilient digital infrastructure necessary for the nation's sustained economic and technological leadership. Zayo has spent more than $20 billion over the past five years on fiber infrastructure across the country and intends to continue investing billions in expanding the AI ecosystem in the United States through a robust fiber broadband solutions buildout, supporting the country's role as a global leader in AI.