8-KMaterial AgreementsRegulation FDExhibits & Filings

CROWN CASTLE INC. 8-K Report, Material Agreement (Apr 30, 2015)

Filed April 30, 2015For Securities:CCI

Summary

Crown Castle International Corp. (CCI) announced on April 29, 2015, a significant acquisition agreement to purchase Quanta Fiber Networks, Inc. (Sunesys) from Quanta Services, Inc. for approximately $1.0 billion in cash. This strategic move aims to expand CCI's fiber network infrastructure. The acquisition, conducted through CCI's wholly owned subsidiary CC SCN Fiber LLC, is subject to customary closing conditions, including regulatory approvals from antitrust and telecommunications commissions. The deal is not contingent on CCI's ability to secure financing and does not require stockholder approval, indicating a straightforward path to integration for management.

Key Highlights

  • 1Acquisition of Sunesys (Quanta Fiber Networks, Inc.) for $1.0 billion in cash.
  • 2The acquisition is being made through CCI's wholly owned subsidiary, CC SCN Fiber LLC.
  • 3The transaction is subject to customary closing conditions, including regulatory approvals (HSR Act, FCC, state commissions).
  • 4The deal is not conditioned on CCI obtaining acquisition financing.
  • 5Stockholder approval is not required for this transaction.
  • 6The purchase agreement includes customary representations, warranties, covenants, and indemnification obligations.
  • 7The filing also includes a press release dated April 30, 2015, announcing the agreement.

Frequently Asked Questions

This 8-K filing announces Crown Castle International Corp.'s entry into a material definitive agreement to acquire Sunesys (Quanta Fiber Networks, Inc.) from Quanta Services, Inc.

The aggregate purchase price is approximately $1.0 billion in cash, subject to certain adjustments related to Sunesys' outstanding indebtedness, capital expenditures, and other reimbursable expenses.

Yes, customary closing conditions apply, including the absence of government proceedings or litigation, receipt of governmental approvals (like HSR Act clearance), and regulatory approvals from the FCC and applicable state public service commissions.

No, the completion of the transaction is not conditioned upon Crown Castle's ability to obtain acquisition financing.