05:39 PM EST, 12/19/2024 (MT Newswires) -- TPG (TPG) is in advanced discussions to acquire the fiber business of Crown Castle ( CCI ) for roughly $8 billion, Bloomberg News reported Thursday, citing people familiar with the matter.

The companies could announce a deal for the fiber and wireless assets within weeks, the unnamed sources told the news outlet. Talks could collapse or another potential suitor could emerge, they reportedly added.

TPG and Crown Castle ( CCI ) representatives declined to comment, Bloomberg reported.

The companies didn't immediately respond to MT Newswires' requests for comment.

Crown Castle ( CCI ) shares were up 6% in after-hours activity, while TPG was little changed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)