Crown Castle closes $8.5B sale of Fiber and Small Cell units, plans $1B share buyback and $7B debt cut

Crown Castle has completed the sale of its Fiber Solutions and Small Cell businesses for $8.5 billion, netting about $8.4 billion after adjustments. The company will use part of the proceeds to repurchase $1 billion in shares and reduce debt by over $7 billion, positioning itself as a focused U.S. tower operator. This strategic shift aims to improve customer alignment, decision-making, and execution, supporting long-term shareholder value. Crown Castle also updated its 2026 outlook, reflecting lower interest expenses and higher interest income due to the earlier-than-expected receipt of sale proceeds.