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
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
Advisory firms were not disclosed for this transaction.