The group of buyers is led by Macquarie Infrastructure and Real Assets.Access Investor Kit for Macquarie Infrastructure Co. LLCAccess Investor Kit for Quanta Services, Inc.Access Investor Kit for AT&T, Inc. Later the same year, Crown Castle combines its acquired fiber providers under the divisional name "Crown Castle Fiber." "The sale of CCAL allows us to redeploy capital towards our growing small cell networks, which we expect will be accretive to our long-term AFFO and dividend per share growth rates," said Chief Executive Ben Moreland. Crown Castle currently operates 14,000 small cell nodes in the US. With over 3,100 employees, Crown Castle more than doubles in size again since 2013. Earlier, Crown spent $1 billion to buy NextG Networks Inc.The U.S. market makes up about 96% of the company's total revenue. AFFO is a closely watched measure of performance for real-estate investment trusts, or REITs, that measures a trust's net income. Crown Castle currently owns some 1800 towers in Australia, and counts all the major mobile telcos as well as NBN as its customers, along with emergency service network providers.In the US, Crown Castle said it has around 40,000 towers, and claimed to be the largest operator of wireless infrastructure in the country. United States-based cell phone tower operator Crown Castle has sold its Australian subsidiary to a group of investors led by Macquarie Infrastructure and Real Assets (MIRA).MIRA will pay around $2 billion for Crown Castle Australia, in a deal that is expected to be concluded in the second quarter of this year. In late 2013, Crown struck a $4.85 billion deal to lease some towers and buy others from AT&T Inc. The Sunesys deal is a move to widen Crown's fiber footprint and increase its presence in large U.S. markets.Cell-tower owner Crown Castle International Corp. said Thursday that it has reached a deal to sell its Australian subsidiary CCAL for about $1.6 billion in cash to a consortium of private equity investors, as it focuses on expanding its U.S. network.The CCAL transaction is expected to close during the quarter. Crown Castle Australia is part of Crown Castle (NYSE: CCI), a leader in the shared wireless infrastructure industry in the United States with an emphasis on technical and strategic innovations. But it is also 22.4 per cent owned by a consortium of minority shareholders. Crown Castle offers significant wireless communications coverage to 92 of the top 100 US markets and to substantially all of the Australian population. By Lisa Beilfuss Cell-tower owner Crown Castle International Corp. said Thursday that it has reached a deal to sell its Australian subsidiary CCAL for about $1.6 billion in cash to a... | May 14, 2015 Crown Castle said the Australian operation was expected to bring in $120 million to $126 million in earnings before tax for the 2015 year.In particular, the company wants to redeploy capital towards growing small cell networks that it is in the early stages of deploying, according to Moreland. Crown Castle owns, operates, and leases towers and other communication structures for wireless communications.
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