Crown Castle Australia to be sold for US$1.6bn

Crown Castle International is divesting its Australian subsidiary to a consortium of investors led by Macquarie

Read this article to learn:

  • The background of the CCAL acquisition
  • An overview of the portfolio and the deal
  • The motivating factors behind CCI’s latest move

By Ian Ferguson, Head of Asia, TowerXchange: Crown Castle International Corp. announced on 14 May that they would sell their Australian unit to a group of investors led by Macquarie Infrastructure and Real Assets (MIRA) for US$1.6bn in cash. Other bidders are believed to have included U.S. based Providence Equity Partners, New Zealand infrastructure asset…

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