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Crown Castle International Corp. announces its agreement to acquire LTS Group Holdings LLC, the parent company of Lightower Fiber Networks, for approximately $7.1 billion. This acquisition will double Crown Castle's fiber-optic footprint and expand its presence in key Northeast metropolitan markets. The deal is expected to contribute significant site-rental revenue, adjusted earnings, and adjusted funds from operations, prompting Crown Castle to consider raising its annual dividend rate.
Monday, 17 July, 2017