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Crown Castle Inc. - CCI STOCK NEWS

Welcome to our dedicated page for Crown Castle news (Ticker: CCI), a resource for investors and traders seeking the latest updates and insights on Crown Castle stock.

Crown Castle Inc. (NYSE: CCI) is a leading provider of wireless infrastructure, offering a comprehensive portfolio of more than 40,000 cell towers, approximately 90,000 route miles of fiber, and small cell solutions across major U.S. markets. Since its inception in 1994, Crown Castle has been instrumental in supporting the infrastructure behind the world's most revolutionary technologies, enabling seamless data and wireless services that benefit communities and businesses nationwide.

Operating as a real estate investment trust (REIT), Crown Castle leases space on its towers to wireless service providers, helping them expand their networks and enhance connectivity. Its fiber assets are crucial for small-cell network infrastructure and enterprise connections, making it a vital player in the telecommunications industry. The company derives about 75% of its revenue from the top three U.S. mobile carriers, underscoring its significant market position and stable revenue stream.

Recently, Crown Castle has faced substantial challenges, including leadership changes and strategic scrutiny. In 2024, Ted B. Miller, co-founder and former CEO, alongside Boots Capital Management, initiated a proxy contest to elect new board members, citing dissatisfaction with the company's performance and strategy. Despite this, Crown Castle continues to focus on improving operational execution and exploring strategic options to maximize shareholder value.

Under the leadership of new CEO Steven Moskowitz, Crown Castle aims to enhance efficiency and unlock value from its assets. The company is actively engaging with multiple parties to explore potential transactions involving its fiber segment, while also striving to bolster its core towers business. Crown Castle remains committed to being a reliable partner for wireless carriers, businesses, and communities, ensuring that the transformative power of technology reaches those who rely on it most.

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Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes, pending market conditions. The proceeds will be used to repay a portion of its outstanding commercial paper debt and related fees. The offering will be conducted under an effective shelf registration with the SEC. Joint book-running managers for this offering include BofA Securities, Deutsche Bank Securities, and others. The company emphasizes that this announcement does not constitute an offer to buy or sell securities in states where it would be unlawful.

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Crown Castle International Corp. (NYSE: CCI) announced that its CFO, Dan Schlanger, will present at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 8, 2022, at 6:35 p.m. Eastern Time. The presentation is expected to last around 30 minutes and will be available via live audio webcast on Crown Castle's website. The company operates over 40,000 cell towers and 80,000 miles of fiber, providing essential wireless communication services across the U.S.

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Keysight Technologies (NYSE: KEYS) announced the appointment of Kevin Stephens as a director, effective March 1, 2022. The decision was made by the Board of Directors on February 16, 2022. With extensive leadership experience in the communications industry, including roles at Altice USA and Suddlenlink Communications, Stephens is expected to contribute significantly to Keysight's strategic direction. His prior experience includes senior positions at notable companies like Cox Communications and Xerox Corporation.

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Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.47 per common share, payable on March 31, 2022, to stockholders of record by the close of business on March 15, 2022. Future dividends will depend on the approval of the Board of Directors. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber infrastructure, providing essential communication services across major U.S. markets.

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Crown Castle International Corp. (NYSE: CCI) provided year-end tax reporting information for its 2021 distributions. The details include various cash distributions per share, including ordinary taxable dividends and non-taxable distributions. Stockholders are advised to consult tax advisors for specific treatment. No long-term capital gains or unrecaptured Section 1250 gain were reported for 2021. Crown Castle owns and operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., connecting cities with essential communication infrastructure.

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Crown Castle International Corp. reported strong financial results for Q4 and full year 2021, leading to an optimistic outlook for 2022. Site rental revenues reached $6.225 billion, up 9% from 2021, with a notable 14% growth in AFFO per share. The company secured commitments for over 50,000 small cell nodes, anticipating continued 5G demand and significant growth in fiber and small cell deployments. Crown Castle expects to sustain a dividend growth of 7-8% annually, reflecting confidence in long-term value creation.

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Crown Castle International Corp. (NYSE: CCI) will release its fourth quarter 2021 results on January 26, 2022, after market close. A conference call is scheduled for January 27, 2022, at 10:30 a.m. ET, accessible via phone or online. The call will provide insights into their financial performance and strategic initiatives. Following the call, a telephonic replay will be available until April 27, 2022. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, playing a crucial role in connecting communities through essential data and wireless services.

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T-Mobile US and Crown Castle have entered a 12-year agreement to enhance T-Mobile's 5G network by increasing access to Crown Castle's towers and small cell locations. This partnership aims to accelerate the deployment of T-Mobile's industry-leading 5G services across the U.S. and generate long-term revenue growth for Crown Castle. T-Mobile emphasizes its commitment to expanding network reach and delivering fast 5G speeds, while Crown Castle highlights the strategic alignment of their comprehensive infrastructure to meet future network demands.

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Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the CFO, will present at Citi’s 2022 AppsEconomy Conference on January 6, 2022, at 10:00 a.m. Eastern Time. The presentation will be approximately 45 minutes long and broadcast live on the Internet. It will also be archived for later replay on the company's website. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber, providing essential connectivity across major U.S. markets.

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FAQ

What is the current stock price of Crown Castle (CCI)?

The current stock price of Crown Castle (CCI) is $90.66 as of December 20, 2024.

What is the market cap of Crown Castle (CCI)?

The market cap of Crown Castle (CCI) is approximately 39.8B.

What does Crown Castle Inc. do?

Crown Castle Inc. provides wireless infrastructure, including cell towers, fiber, and small cell solutions, enabling wireless service providers to expand their networks.

How does Crown Castle generate revenue?

Crown Castle generates revenue by leasing space on its cell towers and fiber networks to wireless service providers and enterprises.

Who are Crown Castle's main customers?

Approximately 75% of Crown Castle's revenue comes from the top three U.S. mobile carriers.

What recent challenges has Crown Castle faced?

Crown Castle has faced leadership changes and strategic scrutiny, including a proxy contest initiated by co-founder Ted B. Miller and Boots Capital Management.

Who is the current CEO of Crown Castle?

As of 2024, Steven Moskowitz is the CEO of Crown Castle, focusing on improving operational execution and maximizing shareholder value.

What is Crown Castle's strategic focus under the new leadership?

Crown Castle is focused on enhancing efficiency, exploring strategic options for its fiber segment, and strengthening its core towers business.

How extensive is Crown Castle's fiber network?

Crown Castle owns approximately 90,000 route miles of fiber, primarily used for small-cell networks and enterprise connections.

What is the significance of Crown Castle's small cell solutions?

Small cell solutions are crucial for dense urban environments, providing enhanced network capacity and coverage.

How does Crown Castle support local communities?

Crown Castle supports local communities by providing essential wireless infrastructure, enabling access to critical data, technology, and services.

What is Crown Castle's market position?

Crown Castle is a leading player in the U.S. wireless infrastructure market, with a significant presence in major cities and a stable revenue stream from top mobile carriers.

Crown Castle Inc.

NYSE:CCI

CCI Rankings

CCI Stock Data

39.79B
433.74M
0.12%
95.33%
1.54%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
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