Crown Castle, Quanta Say Fiber Deal Is in Public Interest
Crown Castle and Quanta Services asked the FCC for authorization for a deal in which Crown Castle will buy Quanta Fiber Networks, also called Sunesys. The $1 billion transaction was unveiled in April and will give Crown Castle 10,000 miles…
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of fiber in major metropolitan markets across the U.S., including Atlanta, Chicago, Los Angeles, northern New Jersey, Philadelphia and Silicon Valley. “The Transaction will serve the public interest,” the companies told the FCC. They said "the financial, technical, and managerial resources” Crown Castle “will bring to Licensees are expected to enhance the ability of Licensees to compete in the telecommunications marketplace.” Customers will receive service “at the same rates, terms and conditions” after the deal is complete, the companies said. Crown Castle said in April that the deal bolsters its “leading position in small cell networks by more than doubling Crown Castle's fiber footprint available for small cell deployments and expanding Crown Castle's presence in many of the top U.S. metropolitan markets.”