05:42 AM EDT, 10/03/2024 (MT Newswires) -- (Updates with responses from Crown Castle ( CCI ) and Zayo in the fourth paragraph.)

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.

Crown Castle ( CCI ) and Zayo declined MT Newswires' request for comment, while TPG did not respond.

(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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