Wireless tower company Crown Castle International Corp will purchase privately-held NextG Networks Inc for about $1 billion as it looks to add smaller antenna systems that help telecom carriers boost coverage in cities.NextG Networks operates thousands of distributed antenna systems (DAS) -- smaller alternatives to the huge towers owned by Crown Castle -- in major U.S. cities like New York, Los Angeles and Chicago.Due to their ease of deployment, the miniature systems also help operators get over zoning restrictions and avoid having to lease large plots to house the towers.They are especially useful in crowded urban areas, where securing sites can be a challenge and the demand for data keeps growing.
Crown Castle International Corp.(CCIC) owns, operates and leases towers and other wireless infrastructure, including distributed antenna system (DAS) networks in the United States and rooftop installations. Shares of CCI fell by 2.63% or $-1.14/share to $42.27. In the past year, the shares have traded as low as $36.38 and as high as $46.27. On average, 1813110 shares of CCI exchange hands on a given day and today's volume is recorded at 854375.
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