TPG in Advanced Talks to Acquire Crown Castle's Fiber Unit

Group 1 - TPG is in advanced talks to acquire Crown Castle's fiber business for $8 billion [1] - Private equity firms have been actively investing in fiber and digital infrastructure companies to support expansion efforts [2] - The deal for the fiber and wireless assets is expected to be announced in the coming weeks, but no final decision has been made [4] Group 2 - The potential sale would allow Crown Castle to concentrate on its core towers business, which includes over 40,000 towers in the U.S. as of September 30, 2024 [5] - Crown Castle's shares have declined by 6% in the past six months, while the industry has grown by 1.7% [6]