Crown Castle Announces Agreement to Acquire Sunesys
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April 30, 2015 6:13 AM EDT
Quanta Services (NYSE: PWR) reported Q1 EPS of $0.31, $0.10 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.86 billion.
Quanta Services sees Q2 2015 EPS of $0.42-$0.48, versus the consensus of $0.53. Quanta Services sees Q2 2015... More
April 30, 2015 6:08 AM EDT
Crown Castle (NYSE: CCI) has entered into a definitive agreement to acquire Quanta Fiber Networks, Inc. ("Sunesys") for approximately $1.0 billion in cash (subject to certain limited adjustments). Sunesys, a wholly owned subsidiary of Quanta Services, Inc. (NYSE: PWR), is a fiber services provider that owns or has rights to nearly 10,000 miles of fiber in major metropolitan markets across the United States, including Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley, and northern New Jersey, with approximately 60% of Sunesys' fiber miles located in the top 10 basic trading areas ("BTAs").
The... More
