Cravath, Swaine & Moore represents Houston’s Crown Castle International Corp. in its pending acquisition of FPL FiberNet Holdings and certain other subsidiaries of NextEra Energy for $1.5 billion in cash. NextEra Energy, of Juno Beach, Florida, turned to Hogan Lovells.
On Nov. 1, Crown Castle and NextEra Energy, a clean energy company, announced a definitive agreement for the acquisition, which is expected to close during the first half of 2017 following regulatory approvals and customary closing conditions. Crown Castle is the nation’s largest provider of shared wireless infrastructure, with a significant presence in the top 100 U.S. markets. FiberNet is a fiber services provider in Texas and Florida.
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