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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 announced a public offering of senior notes aimed at repaying outstanding debt under its revolving credit facility. The offering, subject to market conditions, will utilize the net proceeds to cover fees and expenses related to the repayment. The joint book-running managers for this issuance include BNP Paribas, J.P. Morgan, and others. This offering is part of Crown Castle’s effective shelf registration with the SEC. Forward-looking statements indicate potential risks and uncertainties that could affect the outcome of the offering.
Crown Castle (NYSE: CCI) has announced that Dan Schlanger, the company's Executive Vice President and Chief Financial Officer, will present at Citi’s 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 4:30 p.m. Eastern Time. The presentation is expected to last around 45 minutes and will be available for live streaming on Crown Castle's website. Additionally, the broadcast will be archived for future access.
Crown Castle operates over 40,000 cell towers and 85,000 route miles of fiber in the U.S., providing essential communications infrastructure.
Crown Castle announced a partnership with Boys & Girls Clubs of America to launch the 'Crown Castle Connects Youth to STEM Program'. This initiative aims to inspire youth in STEM fields and will support over 50 clubs across the U.S. over the next two years. The program includes a nearly $2 million investment through volunteer efforts and financial support. Notably, 52% of Boys & Girls Club members show interest in STEM careers, exceeding the national average of 27%. The program will feature events like clean-up days and STEM Inspiration Days in 2023.
Crown Castle announced that CFO Dan Schlanger will present at the Morgan Stanley 2022 European Technology, Media & Telecom Conference on November 17, 2022, at 8:55 a.m. CET (3:55 a.m. EST). The presentation will be available via a live audio webcast on the company’s website and will also be archived for later access. Crown Castle operates over 40,000 cell towers and 85,000 route miles of fiber, serving major U.S. markets with critical communications infrastructure.
Crown Castle announced a quarterly cash dividend of $1.565 per common share, payable on December 30, 2022, to shareholders of record by the close of business on December 15, 2022. Future dividends will require approval from the Board of Directors. The company operates over 40,000 cell towers and approximately 85,000 miles of fiber, providing essential infrastructure for wireless communications across major U.S. markets.
Crown Castle reported its Q3 2022 results, revealing an 8% increase in site rental revenues to $1.568 billion and a 19% rise in income from continuing operations to $419 million. The company raised its annual common stock dividend by 6.5% to $6.26 per share, reflecting confidence amid macroeconomic challenges. For FY2023, site rental revenues are projected to grow 4% to $6.511 billion, while income from continuing operations is expected to decrease by 3%. Crown Castle anticipates strong growth in its Towers segment and plans to double its small cell deployments to 10,000 nodes.
Crown Castle Inc. (NYSE: CCI) will announce its third quarter 2022 results on October 19, 2022, after market hours. A conference call to discuss these results is scheduled for October 20, 2022, at 10:30 a.m. Eastern Time. The call can be accessed by dialing 866-571-0905 or through the company’s investor relations website.
A replay of the conference call will be available from October 20, 2022, 1:30 p.m. until January 25, 2023. Crown Castle operates over 40,000 cell towers and around 85,000 route miles of fiber in the U.S.
Crown Castle announced that CEO Jay Brown will present at the Goldman Sachs Communacopia Virtual Conference on September 15, 2022, at 12:15 p.m. Eastern Time. The presentation will be broadcast live and available for replay on their website. Crown Castle owns and operates over 40,000 cell towers and approximately 85,000 route miles of fiber infrastructure across major U.S. markets, enhancing connectivity for businesses and communities.
Crown Castle announced that CFO Dan Schlanger will present at the Bank of America 2022 Media, Communications & Entertainment Conference on September 8, 2022, at 12:40 p.m. Eastern Time. The presentation, lasting approximately 40 minutes, will be broadcast live online and later archived on Crown Castle's website for replay.
Crown Castle operates over 40,000 cell towers and 85,000 route miles of fiber across the U.S., providing vital communications infrastructure.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.47 per common share. This dividend will be payable on September 30, 2022 to shareholders on record by September 15, 2022. The company's Board of Directors will approve future dividends. Crown Castle operates over 40,000 cell towers and 85,000 route miles of fiber, supporting essential communication infrastructures across major U.S. markets.
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