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 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.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the Executive Vice President and Chief Financial Officer, will present at three upcoming conferences. The events include the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, the Morgan Stanley 2021 Technology, Media & Telecom Conference on March 4, 2021, and the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 9, 2021. Each presentation is expected to last 30-50 minutes and will be broadcast live via the company's website.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.33 per common share, payable on March 31, 2021, to stockholders of record by March 15, 2021. This decision underscores the company's commitment to delivering shareholder value through consistent dividend payouts. All future dividends will require approval from Crown Castle's Board of Directors. The company operates over 40,000 cell towers and 80,000 miles of fiber nationwide, supporting critical communications infrastructure.
Crown Castle International Corp. (NYSE: CCI) has priced its public offering of Senior Notes worth $3.25 billion, consisting of 1.050% Senior Notes due 2026, 2.100% Senior Notes due 2031, and 2.900% Senior Notes due 2041. The net proceeds will be used to redeem existing 5.250% Senior Notes due 2023 and repay part of the outstanding debt. The offering is expected to close on February 16, 2021, with redemption of the 2023 notes occurring on March 10, 2021.
Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes to redeem 5.250% Senior Notes due 2023 and reduce debt from its commercial paper program and Senior Unsecured Term Loan A Facility. Proceeds will also cover associated fees. The offering is led by Barclays, BofA Securities, Citigroup, MUFG, and RBC Capital Markets, and will be conducted under an SEC registration statement. Caution is advised due to potential market uncertainties affecting expected outcomes.
Crown Castle International Corp. (NYSE: CCI) released year-end tax reporting details regarding 2020 distributions for its Common and Preferred Stock. Shareholders are advised to consult tax advisors for specific treatments. Key figures include cash distributions of $1.20 per share for Common Stock in March, June, and September, while December saw a rise to $1.33. Preferred Stock distributions were reported at $17.1875 per share throughout the year. Notably, there were no long-term capital gains or non-taxable distributions affecting shareholders during 2020.
Crown Castle International Corp. (NYSE: CCI) has signed a significant new agreement with Verizon, committing to lease 15,000 small cells over the next four years. This deal reflects Verizon's 5G Ultra Wideband and 5G Nationwide deployment plans and will have an initial term of 10 years once installed. Both companies express enthusiasm for this strategic partnership, highlighting its importance in advancing 5G infrastructure across the U.S. Crown Castle operates more than 40,000 cell towers and 80,000 route miles of fiber, essential for supporting wireless services.
Crown Castle International Corp. reported its Q4 and full-year 2020 results, revealing site rental revenues of $5.555 billion, a 4% increase year-over-year. Net income declined 6% to $997 million, while Adjusted EBITDA dropped 3% to $3.607 billion. Despite challenges, the company forecasts approximately 6% growth in site rental revenue for 2021 and an 11% dividend increase. A significant highlight includes a new agreement with Verizon for 15,000 small cells, enhancing their growth potential in the 5G market. The company faces a setback from T-Mobile's cancellation of 5,700 small cells.
Crown Castle plans to release its fourth quarter 2020 results on January 27, 2021, after market close. A conference call is scheduled for January 28, 2021, at 10:30 a.m. ET, accessible by phone or via the website. A recording will be available from January 28 to April 28, 2021. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber nationwide, connecting communities to vital wireless services. For more details, visit www.crowncastle.com.
Crown Castle International Corp. (NYSE: CCI) has announced that its Chief Financial Officer, Dan Schlanger, will present at the Citi 2021 Global Technology, Media and Telecom West Conference on January 7, 2021, at 12:00 p.m. Eastern Time. The presentation is expected to last approximately 45 minutes and will be broadcast live on Crown Castle's website, where it will also be available for replay.
Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber across the U.S., supporting critical wireless services.