11:27 AM EDT, 10/02/2024 (MT Newswires) -- TPG (TPG) and Zayo Group are vying to buy Crown Castle's ( CCI ) fiber and wireless assets, in a transaction worth roughly $10 billion, Reuters reported Wednesday, citing unnamed people familiar with the matter.

TPG and Zayo are the two remaining bidders for the assets, which encompass Crown Castle's ( CCI ) fiber network and small cell network operations, the report added, citing the people.

There's a chance that Crown Castle ( CCI ) might decide to sell just one of the assets, the report said, adding that a transaction is not guaranteed and another potential buyer might also make a move.

TPG, Zayo, and Crown Castle ( CCI ) did not immediately respond to MT Newswires' requests for comment.

Shares of TPG edged up 0.6% in recent trading, while Crown Castle's ( CCI ) stock fell 2.4%.

(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.)

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