CROWN CASTLE acquisition history

LTS Group Holdings LLC, operating as Lightower, a fiber services provider that owned or had rights to approximately 32,000 route miles of fiber located primarily in top metro markets in the Northeast, including Boston, New York and Philadelphia. Crown Castle acquired Lightower from Berkshire Partners, Pamlico and other investors for approximately $7.1 billion in cash. The addition brought Crown Castle's fiber footprint to over 60,000 route miles. approximately $7.1 billion.

We are excited about the addition of Lightower given its attractive fiber footprint and the value we believe it will create for our shareholders,Jay Brown — Chief Executive Officer, Crown Castle International Corp.

Crown Castle acquired the exclusive right to lease and operate approximately 9,700 AT&T towers for $4.85 billion in cash at closing, for a weighted average term of approximately 28 years, with an option to purchase the towers at the end of the respective lease terms for aggregate option payments of approximately $4.2 billion (primarily between 2032 and 2048).

We are very pleased with our agreement with AT&T, which strengthens our position as the largest provider of shared wireless infrastructure in the US, which we believe is the largest, fastest growing and most profitable wireless market in the world,Ben Moreland — President and Chief Executive Officer, Crown Castle International Corp.

Crown Castle merged with Global Signal Inc. (NYSE: GSL) in a stock-and-cash transaction valued at approximately $5.8 billion including debt. The combination brought together two of the nation's leading tower companies with over 24,000 wireless sites and over 16,000 towers in the top 100 BTAs. Global Signal stockholders could elect Crown Castle stock or cash; cash elections were capped at $550 million, with each electing share exchanged for $8.16 in cash and approximately 1.375 Crown Castle shares after proration. approximately $5.8 billion (including ~$1.8 billion assumed debt).

We expect this extraordinary combination of companies with the most towers in the best markets to create significant value for our customers and shareholders,John P. Kelly — Chief Executive Officer, Crown Castle International Corp.

We are excited about bringing together Crown Castle and Global Signal to create a powerful growth platform with a very efficient capital structure,Ben Moreland — Chief Financial Officer, Crown Castle International Corp.

Crown Castle acquired the exclusive right to lease and operate approximately 7,200 T-Mobile USA towers (approximately 7,100 sites at close) for $2.4 billion in cash at announcement (restated to approximately $2.486 billion at closing, subject to post-closing adjustments). T-Mobile USA is a subsidiary of Deutsche Telekom, AG. $2.4 billion (restated ~$2.486 billion at close).

We are pleased to reach this mutually beneficial agreement with Crown Castle and take another step closer to realizing the bold vision outlined in our Challenger strategy to solidify our competitiveness in the industry by investing in areas where we anticipate the strongest return for our customers,John Legere — Chief Executive Officer, T-Mobile USA

Crown Castle acquired FPL FiberNet Holdings, LLC and certain other subsidiaries of NextEra Energy, Inc. (collectively, FiberNet) for approximately $1.5 billion in cash. FiberNet is a fiber services provider in Florida and Texas that owned or had rights to approximately 11,500 route miles of fiber installed and under construction. approximately $1.5 billion.

On November 1, 2016, we announced a definitive agreement to acquire FPL FiberNet Holdings, LLC and certain other subsidiaries of NextEra Energy, Inc. (collectively, "FiberNet") for approximately $1.5 billion in cash, subject to certain limited adjustments. FiberNet is a fiber services provider in Florida and Texas that owns or has rights to approximately 11,500 route miles of fiber installed and under construction.Crown Castle FY2016 10-K — Business / Subsequent Events disclosure

Crown Castle acquired Quanta Fiber Networks, Inc. (Sunesys), a wholly owned subsidiary of Quanta Services, Inc. (NYSE: PWR), for approximately $1.0 billion in cash. Sunesys is a fiber services provider that owned or had rights to nearly 10,000 miles of fiber in major metropolitan markets including Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley and northern New Jersey, with approximately 60% of fiber miles in the top 10 basic trading areas. approximately $1.0 billion.

We are thrilled with the agreement we have reached to acquire Sunesys,Ben Moreland — President and Chief Executive Officer, Crown Castle International Corp.

Crown Castle acquired privately-held Wilcon Holdings LLC from Pamlico Capital and other unit holders for approximately $600 million. Wilcon is a fiber services provider that owned approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Pro forma for the deal, Crown Castle owned or had rights to over 28,000 route miles of fiber.

The acquisition of Wilcon provides us an extensive set of dense metro fiber assets that will enable us to continue to deliver fiber-fed small cell solutions for our wireless customers in our fastest growing and most active market,Jay Brown — Chief Executive Officer, Crown Castle International Corp.

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. approximately $1.0 billion.

Increasingly, we believe that small-cell architecture, such as DAS, will be an important complement to traditional macro tower installations,Ben Moreland — President and Chief Executive Officer, Crown Castle International Corp.

Our agreement today is testament to the market leadership NextG has achieved over the past few years and to the increasingly critical role small-cell solutions, including DAS, have played and will play in the future to ensure reliable and comprehensive wireless infrastructure,Steven Moskowitz — Chief Executive Officer, NextG Networks