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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 Ben Lowe, Vice President of Corporate Finance and Treasurer, will present at the Cowen 7th Annual Communications Infrastructure Summit on August 10, 2021, at 4:40 p.m. ET. The presentation, lasting approximately 40 minutes, will be available via live webcast on the company's website, where it will also be archived for replay. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, providing essential wireless and data solutions across major U.S. markets.
Crown Castle International Corp. (NYSE: CCI) reported robust Q2 2021 results, showcasing site rental revenues of $1,425 million, an 8% increase year-over-year. Income from continuing operations surged to $333 million, up 67%, with AFFO per share growing 18% to $1.71. The company increased its full-year AFFO per share growth outlook to 12%, driven by high tower activity amid 5G deployment. Capital expenditures were $308 million. The common stock dividend rose 11% to $1.33 per share. Crown Castle remains optimistic about supporting 5G growth and delivering long-term shareholder value.
Crown Castle plans to release its second quarter 2021 results on July 21, 2021, after market closure. A conference call is scheduled for July 22, 2021, at 10:30 a.m. eastern time, accessible via phone and live Internet stream. The replay will be available until October 20, 2021. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, facilitating essential communication infrastructure across major U.S. markets. For further details, visit the company’s investor relations website.
Crown Castle announced the pricing of its public offering of 2.500% Senior Notes due 2031, amounting to $750 million. These notes will yield 2.529% and are priced at 99.743% of face value. After expenses, net proceeds are estimated at $739 million. The funds will be used to repay existing debt, including Senior Secured Tower Revenue Notes and commercial paper, and for general corporate purposes. The offering is conducted under an effective SEC registration statement, and further details can be found in the prospectus.
Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes, subject to market conditions. The net proceeds will be used to fully repay Senior Secured Tower Revenue Notes, Series 2015-1, Class C-2022, reduce commercial paper program debt, and for general corporate purposes. The offering is under an existing SEC shelf registration. Major banks involved include BNP Paribas, J.P. Morgan, and Truist Securities. The release contains forward-looking statements, indicating potential risks that could affect actual results.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the company's Executive Vice President and CFO, will present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 9, 2021, at 11:00 a.m. Eastern Time. The presentation will last about 30 minutes and will be accessible online via the Nareit REITweek website. With over 40,000 cell towers and approximately 80,000 miles of fiber, Crown Castle plays a critical role in connecting communities through essential data and wireless services.
Crown Castle International Corp. (NYSE: CCI) announced that its Chief Financial Officer, Dan Schlanger, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021, at 11:10 a.m. Eastern Time. The presentation will be streamed live for approximately 35 minutes and can be accessed via the company’s website, where it will also be archived. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., providing vital communication infrastructure.
Crown Castle International Corp. reported Q1 2021 earnings with site rental revenues increasing by 5% to $1.369 billion compared to Q1 2020. However, net income fell 35% year-over-year to $121 million, affected by a $143 million loss from refinancing activities. The company raised its full-year 2021 outlook, anticipating AFFO per share growth of 20% to $1.71. Capital expenditures were reported at $302 million, with a notable focus on 5G network development. Crown Castle expects strong market growth from the ongoing 5G deployment.
Crown Castle International Corp. (NYSE: CCI) will release its Q1 2021 results on April 21, 2021, after market close. A conference call is scheduled for April 22, 2021, at 10:30 a.m. ET, accessible via phone and live on their website. The call will provide insights into the company’s performance with supplemental materials available post-call. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, connecting major US markets to essential communications infrastructure.
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