AFFO is a closely watched measure of performance for real-estate investment trusts, or REITs, that measures a trust's net income. Crown Castle said the Australian operation was expected to bring in $120 million to $126 million in earnings before tax for the 2015 year.In particular, the company wants to redeploy capital towards growing small cell networks that it is in the early stages of deploying, according to Moreland. But it is also 22.4 per cent owned by a consortium of minority shareholders. Crown converted to a REIT last year.Access Investor Kit for Macquarie Group Ltd.Companies like Crown Castle, which buy or build portfolios of cell towers that they then rent to carriers, have grown amid a wave of consolidation and investment driven by increased demand for wireless Internet. In late 2013, Crown struck a $4.85 billion deal to lease some towers and buy others from AT&T Inc. The Sunesys deal is a move to widen Crown's fiber footprint and increase its presence in large U.S. markets.Cell-tower owner Crown Castle International Corp. said Thursday that it has reached a deal to sell its Australian subsidiary CCAL for about $1.6 billion in cash to a consortium of private equity investors, as it focuses on expanding its U.S. network.The CCAL transaction is expected to close during the quarter. With over 3,100 employees, Crown Castle more than doubles in size again since 2013. Crown Castle acquires Wilcon as well as its biggest acquisition to date—Lightower—adding an approximate combined total of 33,900 route miles of fiber in key markets. Crown Castle currently operates 14,000 small cell nodes in the US. Crown said the Australian business was expected to contribute about $97 million to $102 million to the overall adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--of $2.145 billion to $2.16 billion the company expects to report this year.Crown expects net proceeds of approximately $1.3 billion and said it intends to use the proceeds in part to finance its $1 billion acquisition of Sunesys, a subsidiary of Quanta Services, Inc., which it announced last month.
Get a … The group of buyers is led by Macquarie Infrastructure and Real Assets.Access Investor Kit for Macquarie Infrastructure Co. LLCAccess Investor Kit for Quanta Services, Inc.Access Investor Kit for AT&T, Inc. Crown Castle Australia is part of Crown Castle (NYSE: CCI), a leader in the shared wireless infrastructure industry in the United States with an emphasis on technical and strategic innovations. Crown Castle currently owns some 1800 towers in Australia, and counts all the major mobile telcos as well as NBN as its customers, along with emergency service network providers.In the US, Crown Castle said it has around 40,000 towers, and claimed to be the largest operator of wireless infrastructure in the country. United States-based cell phone tower operator Crown Castle has sold its Australian subsidiary to a group of investors led by Macquarie Infrastructure and Real Assets (MIRA).MIRA will pay around $2 billion for Crown Castle Australia, in a deal that is expected to be concluded in the second quarter of this year. By Lisa Beilfuss Cell-tower owner Crown Castle International Corp. said Thursday that it has reached a deal to sell its Australian subsidiary CCAL for about $1.6 billion in cash to a... | May 14, 2015
Crown Castle Australia owns the largest independent network of telecommunications towers in the country and leases to the major telco companies. Crown Castle currently owns some 1800 towers in Australia, and counts all the major mobile telcos as well as NBN as its customers, along with emergency service network providers.