Crown Castle Inc. (NYSE:CCI) is one of the Best Digital Infrastructure REITs to Buy According to Analysts. On May 1, the company announced the completion of the sale of its Fiber Solutions business to Zayo Group Holdings Inc., as well as the sale of its Small Cell business to Arium Networks, for $8.5 billion, or approximately $8.4 billion net of preliminary adjustments under the stock purchase agreement.
Crown Castle President and Chief Executive Officer Chris Hillabrant said the completion of the transactions makes Crown Castle the only U.S.-focused, large, publicly traded pure-play tower company. He added:
“We believe this improved strategic focus enables greater customer alignment, faster decision‑making, and more disciplined execution across our high‑quality portfolio, accelerating our transformation and supporting long‑term shareholder value creation. I want to sincerely thank the teammates who supported our Fiber Solutions and Small Cell businesses for their professionalism and contributions throughout this transition and during their time at Crown Castle.”
The company said it expects to use a portion of the sale proceeds to repurchase $1.0 billion of shares under its stock repurchase program, approved by its Board of Directors, effective May 1, 2026, and to reduce outstanding debt by more than $7.0 billion.
Meanwhile, Crown Castle also announced revisions in its 2026 outlook, including a $40 million decrease in interest expense and a $10 million increase in interest income compared to the previous full-year 2026 Outlook issued on April 22, 2026. The company said the changes result from the sale proceeds of the Fiber Solutions and Small Cell businesses being received on May 1, 2026, rather than June 30, 2026, as assumed in the previous outlook.
Based on 23 analyst ratings compiled by CNN, Crown Castle stock has an average price target of $95, representing a 6.43% upside from the current price of $89.26.
Crown Castle Inc. (NYSE:CCI) owns, operates, and leases approximately 40,000 cell towers across the U.S.
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