Tower giant Crown Castle International Corp. said it’s considering whether it should hang onto its 77.6-percent ownership in Crown Castle Australia, which is Australia’s largest tower operator with 1,387 towers.
CCI has asked UBS Investment Bank to act as its advisor as it reviews its Crown Castle Australia investment.
CCI did not specify how long the review would take and stressed that the company has not made any decisions as of yet.
In 2004, CCI sold its U.K. business, including 3,600 tower sites, to U.K. utility company National Grid Transco plc for $2.035 billion in cash.
In other CCI news, rumors are swirling within the tower industry that CCI may be in talks to buy SBA Communications Corp., which owns about 3,200 towers in the eastern United States. Officials at both companies have declined to comment.
