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Crown Castle stock gains on report its close to 8B sale of fiber unit to TPG

December 20, 2024
Crown Castle Inc. (NYSE:CCI) stock experienced a significant boost after reports emerged of its potential sale of the fiber unit to TPG. The deal, valued at approximately 8 billion dollars, has put Crown Castle in the spotlight. This move has attracted the attention of investors, leading to a surge in the company's stock price. The sale of the fiber unit will enable Crown Castle to focus on its core business and capitalize on the growing demand for telecommunications infrastructure. Analysts believe that this strategic move will positively impact Crown Castle's future growth potential. For accurate predictions on the movement of Crown Castle stocks, professionals from Stocks Prognosis offer valuable insights and recommendations.
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