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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.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the Executive Vice President and CFO, will present at the Barclays Global TMT Conference on December 8, 2021, at 9:45 a.m. ET. The presentation will be available via a live webcast expected to last about 30 minutes. Interested parties can access the webcast and subsequent replay on Crown Castle’s website. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, serving as a critical infrastructure provider connecting communities to essential data and technology.
Crown Castle International Corp. (NYSE: CCI) has announced that its Chief Financial Officer, Dan Schlanger, will present at the Morgan Stanley 2021 European Technology, Media & Telecom Conference on November 18, 2021, at 7:15 p.m. CET (1:15 p.m. EST). The presentation will be available for live streaming on Crown Castle's website, where it will also be archived for later viewing. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, providing vital communication infrastructure across the U.S.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.47 per common share, scheduled for payment on December 31, 2021. Shareholders of record as of December 15, 2021 will receive this payment. The company operates over 40,000 cell towers and approximately 80,000 route miles of fiber across the U.S., facilitating wireless communications and data services. Future dividends are subject to Board approval.
Crown Castle International Corp. (NYSE: CCI) announced its ambitious goal to become carbon neutral by 2025 for Scope 1 and 2 emissions. This will be achieved through investments in energy reduction initiatives and renewable energy sourcing, along with carbon credits. CEO Jay Brown emphasized the commitment to sustainability, noting that the company’s shared infrastructure model minimizes resource usage and environmental impact. The firm has made strides this year by embedding energy reduction commitments into its credit facility and aligning with the Science-Based Target initiative.
Crown Castle reported strong third-quarter results for 2021, with site rental revenues growing 8% year-over-year to $1.451 billion. Income from continuing operations rose 115% to $351 million, and AFFO per share increased 13% to $1.77. The company announced an 11% increase in its annualized common stock dividend to $5.88 per share. Looking ahead, Crown Castle maintains its 2021 outlook and expects AFFO per share growth at the high end of its long-term target. The company anticipates a 20% increase in core leasing activity for 2022, driven by the 5G build-out.
Crown Castle International Corp. (NYSE: CCI) is set to release its third quarter 2021 results on October 20, 2021, post-market close. A conference call will follow on October 21, 2021, at 10:30 AM ET. Interested parties can access the call by dialing 800-263-0877, or online at the company’s investor relations website. A telephonic replay will be available from October 21 until January 19, 2022. The company boasts a portfolio of over 40,000 cell towers and 80,000 miles of fiber, supporting its critical communications infrastructure across the U.S.
Crown Castle International Corp. (NYSE: CCI) announced that CFO Dan Schlanger will present at the RBC Capital Markets Global Tower and Wireless Infrastructure Summit on September 28, 2021, at 3:20 p.m. ET. The presentation will be available via live audio webcast on Crown Castle's website, and it will be archived for later replay. Crown Castle operates over 40,000 cell towers and around 80,000 route miles of fiber, providing essential communication infrastructure across the U.S. Visit www.crowncastle.com for more details.
On September 10, 2021, Crown Castle International Corp. (NYSE: CCI) announced that CEO Jay Brown will present at the Goldman Sachs Communacopia Virtual Conference on September 22, 2021, at 4:35 p.m. ET. The live presentation will be accessible via an audio webcast on Crown Castle's website, where it will also be archived for future viewing.
Crown Castle operates more than 40,000 cell towers and 80,000 route miles of fiber across the U.S., providing essential communication infrastructure to support wireless services nationwide.
Crown Castle International Corp. announced the appointment of Catherine Piche as the new Executive Vice President and Chief Operating Officer–Towers, effective September 1, 2021. Piche, who joined the company in 2011, has held various leadership roles and possesses extensive operational experience that will aid in supporting 5G deployments. She succeeds Robert C. Ackerman, who will retire after 50 years in the industry, including 23 years at Crown Castle, and will stay on in an advisory role until February 2022 to assist in the transition.
Crown Castle has declared a quarterly cash dividend of $1.33 per common share, payable on September 30, 2021. This dividend will be distributed to stockholders of record by close of business on September 15, 2021. Future dividends are contingent on approval from the Board of Directors. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, providing essential communication infrastructure across the U.S., supporting data and wireless service.
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