The so called 'buyer' is now designated a partner.
The sale will entail a transition of a managed service to Crown Castle.
Network and Tower folks will become part of this new investor managed service provider.
More than 50% of the current Crown workforce will transfer over to this new managed service company.
The deal will close in Q3.
Minimal to no RIF.
Yes sir. The "network" did all the appropriate Corp speak in meetings and public but on the floor it was " F fiber". ALWAYS. All the way back to 2015/16. They wanted their 2010 Crown and refused to put anymore than a while and a working on it to integrate. Those who were interested were pariahs and chased out. What a shame.
Correct. They need to give up on the sale and start hiring more managers and directors in shared services who are more interested in the success of the company than their incestuous network. Finance, accounting, property, real estate, PMs, sales, everyone's related. You p off one you're sc--wed across the board. And NO ONE wants fiber. Break them up, build value and then go for a sale.
Crown is in such a horrible bargaining position. Before we know it fiber sale will be down to $6 Billion. The longer it goes on the worse it looks.
Well, I was in a super high up meeting and they said the House of Mouse is going to buy us so they can have exclude access for their parks. They also want to use our assets to expand their streaming services and just drop things everywhere. This is going to happen Q4 2025. You wait for the news.
See. I can say crazy things as well. How do you know I am not telling the truth?
Ok. Sure. I’ll wait for the earnings call. Know enough to not believe anything on here.
Lol, you are so full of sh!t.
Is this supposed to be announced on the upcoming earnings call?
Basically taking everything but the real estate aspects private?
Good, no more hardcore shareholder control