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 U.S.-focused communications infrastructure company that owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This news page aggregates company announcements, press releases and market-moving updates related to Crown Castle’s tower and fiber operations.
Readers can find coverage of Crown Castle’s quarterly financial results, including site rental revenues, net income (loss), Adjusted EBITDA, AFFO and related outlook updates. The company regularly uses press releases and Form 8-K filings to discuss organic contribution to site rental billings, capital expenditures, dividend declarations and changes to its full-year outlook.
News items also include strategic and corporate developments. Recent examples disclosed by the company involve the planned sale of its small cells and fiber solutions businesses, which are presented as discontinued operations, and management’s description of Crown Castle’s future focus as a standalone, U.S.-focused tower company. Updates on executive leadership, such as the appointment of a new President and Chief Executive Officer and related governance changes, are also reported.
Contract and customer-related developments can appear in Crown Castle’s news flow as well. The company has announced, for instance, that DISH Wireless defaulted on payment obligations under a wireless infrastructure agreement, leading Crown Castle to exercise termination rights and seek recovery of remaining payments owed. Investors, analysts and other interested readers can use this page to review these types of announcements and follow how they relate to Crown Castle’s communications infrastructure portfolio and REIT structure over time.
Crown Castle has priced its public offering of $750 million in 2.900% Senior Notes due 2027, issued at 99.758% of face value to yield 2.952%. The net proceeds, estimated at $741 million, will be used to repay part of its commercial paper program debt. The offering is managed by BofA Securities and other leading financial entities. The press release also includes cautionary statements about forward-looking risks that could affect actual results.
Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes, pending market conditions. The proceeds will be used to repay a portion of its outstanding commercial paper debt and related fees. The offering will be conducted under an effective shelf registration with the SEC. Joint book-running managers for this offering include BofA Securities, Deutsche Bank Securities, and others. The company emphasizes that this announcement does not constitute an offer to buy or sell securities in states where it would be unlawful.
Crown Castle International Corp. (NYSE: CCI) announced that its CFO, Dan Schlanger, will present at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 8, 2022, at 6:35 p.m. Eastern Time. The presentation is expected to last around 30 minutes and will be available via live audio webcast on Crown Castle's website. The company operates over 40,000 cell towers and 80,000 miles of fiber, providing essential wireless communication services across the U.S.
Keysight Technologies (NYSE: KEYS) announced the appointment of Kevin Stephens as a director, effective March 1, 2022. The decision was made by the Board of Directors on February 16, 2022. With extensive leadership experience in the communications industry, including roles at Altice USA and Suddlenlink Communications, Stephens is expected to contribute significantly to Keysight's strategic direction. His prior experience includes senior positions at notable companies like Cox Communications and Xerox Corporation.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.47 per common share, payable on March 31, 2022, to stockholders of record by the close of business on March 15, 2022. Future dividends will depend on the approval of the Board of Directors. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber infrastructure, providing essential communication services across major U.S. markets.
Crown Castle International Corp. (NYSE: CCI) provided year-end tax reporting information for its 2021 distributions. The details include various cash distributions per share, including ordinary taxable dividends and non-taxable distributions. Stockholders are advised to consult tax advisors for specific treatment. No long-term capital gains or unrecaptured Section 1250 gain were reported for 2021. Crown Castle owns and operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., connecting cities with essential communication infrastructure.
Crown Castle International Corp. reported strong financial results for Q4 and full year 2021, leading to an optimistic outlook for 2022. Site rental revenues reached $6.225 billion, up 9% from 2021, with a notable 14% growth in AFFO per share. The company secured commitments for over 50,000 small cell nodes, anticipating continued 5G demand and significant growth in fiber and small cell deployments. Crown Castle expects to sustain a dividend growth of 7-8% annually, reflecting confidence in long-term value creation.
Crown Castle International Corp. (NYSE: CCI) will release its fourth quarter 2021 results on January 26, 2022, after market close. A conference call is scheduled for January 27, 2022, at 10:30 a.m. ET, accessible via phone or online. The call will provide insights into their financial performance and strategic initiatives. Following the call, a telephonic replay will be available until April 27, 2022. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, playing a crucial role in connecting communities through essential data and wireless services.
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.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the CFO, will present at Citi’s 2022 AppsEconomy Conference on January 6, 2022, at 10:00 a.m. Eastern Time. The presentation will be approximately 45 minutes long and broadcast live on the Internet. It will also be archived for later replay on the company's website. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber, providing essential connectivity across major U.S. markets.