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.
Crown Castle International Corp. (NYSE: CCI) has appointed Kevin A. Stephens to its Board of Directors as part of its transition plan. Stephens, who previously held the title of Executive Vice President at Altice USA, brings extensive experience in the telecommunications sector. The company anticipates that his insights will enhance its fiber operations and support the development of nationwide 5G networks. With this addition, alongside recent board appointments, the company aims to drive value creation for shareholders.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the CFO, will present at the UBS Global TMT Virtual Conference on December 8, 2020, at 11:10 a.m. Eastern Time. The presentation is expected to last around 40 minutes and will be available for live streaming on Crown Castle's website. This event highlights Crown Castle's role in providing essential communications infrastructure in the U.S., with over 40,000 cell towers and approximately 80,000 miles of fiber. The conference link for the webcast will also allow for replay access.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the Chief Financial Officer, will present at the Barclays Global TMT Conference on December 9, 2020, at 1:30 p.m. ET. The presentation will last about 25 minutes and will be available via live webcast. Interested parties can access the webcast and view an archived replay on Crown Castle’s website. Crown Castle operates over 40,000 cell towers and around 80,000 route miles of fiber, providing essential communication infrastructure across the U.S.
Crown Castle International Corp. (NYSE: CCI) announced that CEO Jay Brown and CFO Dan Schlanger will present at three upcoming investor conferences in November 2020. Schlanger will speak on November 17 at the New Street 2020 Conference and twice on November 18 at the NAREIT REITworld Conference and Morgan Stanley Virtual Conference. Each presentation will be available via live webcast on Crown Castle's website and archived for future viewing. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber in the U.S., providing vital communication infrastructure.
Crown Castle International Corp. (NYSE: CCI) announced a quarterly cash dividend of $1.33 per common share. This dividend will be payable on December 31, 2020, to stockholders of record by the close of business on December 15, 2020. The Board of Directors will approve any future dividends. Crown Castle owns over 40,000 cell towers and 80,000 route miles of fiber infrastructure, enhancing connectivity across major U.S. markets.
Crown Castle International Corp. (CCI) reported Q3 2020 results, showing a 4% increase in site rental revenues to $1.339 billion. However, net income fell by 33% to $163 million due to a $95 million loss from the retirement of senior unsecured notes. Despite this, the company raised its annual dividend by 11% to $5.32 per share. CCI anticipates 6% growth in organic site rental revenue in 2021, supported by ongoing demand for its 5G infrastructure.
Crown Castle International Corp. (NYSE: CCI) has appointed Tammy K. Jones and Matthew Thornton, III as independent directors, effective November 6, 2020, as part of its Board transition plan. Tammy Jones brings over 25 years of experience in commercial real estate and capital markets, currently serving as CEO of Basis Investment Group. Matthew Thornton has over 40 years of leadership experience, most recently as COO of FedEx Freight. Both are expected to significantly contribute to Crown Castle's strategy, particularly in advancing its nationwide 5G network initiatives.
Crown Castle International Corp. (NYSE: CCI) corrected its earlier press release regarding its earnings announcement timeline. The company will disclose its third quarter 2020 results on October 21, 2020, and host a conference call on October 22, 2020, at 10:30 a.m. ET. Investors can access the call via phone or online. A replay of the call will be available until January 20, 2021. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, providing essential communications infrastructure across the U.S.
Crown Castle International Corp. (NYSE: CCI) will announce its third quarter 2020 earnings on October 21, 2020, after market close.
A conference call is scheduled for October 22, 2020, at 10:30 a.m. ET, accessible by dialing 800-458-4148 or via the company's website.
A replay will be available from 1:30 p.m. ET on October 22 until 1:30 p.m. ET on January 20, 2021.
Crown Castle International Corp. (NYSE: CCI) announced that CFO Dan Schlanger will present at the RBC Capital Markets Virtual Investor Day on September 29, 2020, at 2:40 p.m. Eastern Time. This presentation will be accessible via live audio webcast on Crown Castle’s website, where it will also be archived for future viewing. Crown Castle operates over 40,000 cell towers and about 80,000 route miles of fiber, providing essential connections for data and technology across major U.S. markets.
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