Monday, April 9, 2012

Crown Castle Completes Acquisition of NextG Networks

Crown Castle International completed its previously announced acquisition of NextG Networks, Inc., the largest provider of outdoor distributed antenna systems.
http://crowncastle.comIn December, Crown Castle International first announced its plans to acquire NextG Networks for approximately $1.0 billion in cash.

NextG, which specializes in outdoor distributed antenna systems ("DAS"), currently has over 7,000 nodes-on-air and a further 1,500 nodes under construction. In addition, NextG has rights to over 4,600 miles of fiber. Over 90% of NextG nodes are in urban and suburban locations, with 80% in the top ten US metropolitan areas, including New York, Los Angeles, Chicago and Dallas Fort Worth. The NextG assets are expected to provide significant growth, as they currently average only 1.25 tenants per network.

Following the contemplated acquisition, Crown Castle expects to be the largest independent DAS operator in the US, with approximately 10,000 nodes and 26 venues in operation or under construction. Previously, Crown Castle owned, operated and managed over 22,000 and approximately 1,600 wireless communication sites in the US and Australia,

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