CROWN CASTLE INC. acquired Sunesys (Quanta Fiber Networks, Inc.) for approximately $1.0 billion, a transaction completed in August 2015, structured as all cash.
Sunesys (Quanta Fiber Networks, Inc.) operates in Fiber / small cells, is based in Major US metros (LA, Philadelphia, Chicago, Atlanta, Silicon Valley, northern NJ); ~10,000 fiber miles, ~60% in top 10 BTAs. 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.
Expected to further strengthen Crown Castle's leading position in small cell networks by more than doubling its fiber footprint available for small cell deployments and expanding presence in top US metropolitan markets.
Fiber concentrated in top metropolitan markets, more than doubling small-cell-ready fiber. More than doubles fiber footprint available for small cell deployments. Crown Castle fiber / small cells segment
We are thrilled with the agreement we have reached to acquire Sunesys,Ben Moreland, President and Chief Executive Officer, Crown Castle International Corp.
Advisory firms were not disclosed for this transaction.