Clear Channel Outdoor May Seek Growth Overseas

Clear Channel Outdoor (NYSE:CCO) may seek growth internationally, according to a Reuters report.

Clear Channel Outdoor executive William Eccleshare said the unit’s private-equity funders would not seek an exit for another several years and were supportive of growth, according to Reuters.

However, Eccleshare said that speculation about an immediate deal was likely stemming from Clear Channel Outdoor competitor JC Decaux, which may have told clients that a deal between the two companies was likely, according to the report.