T-Mobile and Crown Castle Expand Strategic Relationship With Long-Term Tower and Small Cell Agreement

Rhea-AI Summary

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.

Positive

• Long-term 12-year agreement with T-Mobile enhances Crown Castle's revenue growth potential.
• Crown Castle to benefit from T-Mobile's expansion of nationwide 5G network.

Negative

• None.

BELLEVUE, Wash. and HOUSTON, Jan. 06, 2022 (GLOBE NEWSWIRE) -- T-Mobile US, Inc. (NASDAQ: TMUS) and Crown Castle International Corp. (NYSE: CCI) announced today that the companies have signed a new 12-year agreement to support the continued build-out of T-Mobile's nationwide 5G network with increased access to Crown Castle's towers and small cell locations. The agreement enables the Un-carrier to further expand and deepen the reach of its industry-leading 5G network to serve consumers across the U.S. while also realizing financial synergies following its merger. The agreement also helps Crown Castle generate long-term tower and small cell revenue growth.

“T-Mobile’s expanded alliance with long-term partner Crown Castle will fuel acceleration of our nationwide network build and provide synergies that we can further invest into that build – all in support of our Un-carrier mission to truly deliver 5G FOR ALL,” said Neville Ray, president of Technology at T-Mobile. “This agreement is another integral piece of T-Mobile’s ongoing efforts to rapidly expand what is already America’s largest 5G network. We won’t stop focusing on reaching even more customers and delivering fast 5G speeds to more people – every day and into the future.”

“We're excited to build on our long-standing strategic relationship with T-Mobile as we work closely with them to continue to deploy their next-generation 5G network,” stated Jay Brown, Crown Castle's chief executive officer. “T-Mobile and Crown Castle are ideal partners for this next phase as wireless network architecture continues to densify. We believe T-Mobile's significant long-term commitment to utilize our comprehensive infrastructure consisting of towers, small cells and fiber will enable our collective teams to quickly meet future network demands.”

T-Mobile is the leader in 5G with the country’s largest, fastest, and most reliable 5G network, including nationwide Ultra Capacity 5G that delivers blazing-fast speeds to more people than any other provider. For more information on T-Mobile’s network, visit T-Mobile.com/coverage. 

T-Mobile is America's Largest 5G network & ​Fastest median, overall combined 5G speeds according analysis by Ookla^® of Speedtest Intelligence^® data 5G download speeds for Q3 2021. Ookla trademarks used under license and reprinted with permission. Capable device req'd; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com.

About T-Mobile
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com.

About Crown Castle
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

T-Mobile Media Relations: MediaRelations@t-mobile.com 

Crown Castle Media Relations: Media.Relations@crowncastle.com

FAQ

What is the agreement between Crown Castle and T-Mobile?

Crown Castle and T-Mobile have signed a 12-year agreement to enhance T-Mobile's 5G network by providing increased access to Crown Castle's towers and small cell locations.

How will the partnership benefit T-Mobile and Crown Castle?

The partnership allows T-Mobile to accelerate its 5G network deployment, while Crown Castle expects long-term revenue growth from increased usage of its infrastructure.

When was the agreement between Crown Castle and T-Mobile announced?

The agreement was announced on January 6, 2022.

What is the stock symbol for Crown Castle?

Crown Castle's stock symbol is CCI.

What is the significance of this agreement for investors in CCI?

Investors may view the agreement positively as it is expected to drive long-term revenue growth for Crown Castle.