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) operates as a U.S.-focused wireless tower REIT that owns, operates and leases approximately 40,000 cell towers. Following the completed sale of its Fiber Solutions and Small Cell businesses, company updates center on tower leasing, site rental revenue, wireless carrier relationships, capital allocation and debt reduction.
Recurring Crown Castle news includes quarterly and annual operating results, outlook updates, common stock dividends, tax reporting for distributions, stock repurchase plans, credit and balance-sheet actions, customer contract matters and governance or executive-compensation developments tied to its communications infrastructure portfolio.
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.
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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.