Elliott's Crown Castle campaign puts fiber unit in play

Elliott Management's second attempt at pushing changes at Crown Castle puts the tower owner's fiber business in the crosshairs, setting the stage for a list of companies and private equity firms to start kicking the tires.

Why it matters: Should Crown Castle explore the sale of the fiber unit, as Elliott is demanding, the business could fetch $11 billion-$15 billion from a suitor, according to a source familiar with the matter.