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) announced a quarterly dividend of $17.1875 per share on its 6.875% Mandatory Convertible Preferred Stock. This dividend will be paid in cash on August 3, 2020, to holders of record as of July 15, 2020. The company owns and operates over 40,000 cell towers and 80,000 route miles of fiber across major U.S. markets, supporting vital communication infrastructure. This payment reflects Crown Castle's ongoing commitment to returning value to shareholders amidst a growing demand for data and wireless services.
Crown Castle International Corp. (NYSE: CCI) announced a public offering of Senior Notes totaling $3 billion with varying maturity dates. The offering includes $500 million of 1.350% notes due 2025, $1.1 billion of 2.250% notes due 2031, and $900 million of 3.250% notes due 2051. The net proceeds, estimated at $2.473 billion, will be used to redeem existing higher-interest notes due in 2021 and 2022. The offering is managed by J.P. Morgan and other financial institutions and is part of an existing effective shelf registration with the SEC.
Crown Castle is initiating a public offering of senior notes to redeem existing debt, specifically targeting its 3.400%, 2.250%, and 4.875% Senior Notes due in 2021 and 2022. The offering, subject to market conditions, will leverage net proceeds along with available cash. Leading this offering are J.P. Morgan, Mizuho, SOCIETE GENERALE, SMBC Nikko, and TD Securities. This offering is registered with the SEC, and more details can be found in the preliminary prospectus on their website.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, its CFO, will present at Nareit’s REITweek: 2020 Virtual Investor Conference on June 2, 2020, at 1:05 p.m. ET. The presentation is expected to last around 30 minutes and will be accessible via a webcast, which will be available on Crown Castle’s website one week prior to the event.
Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber networks, providing critical communication infrastructure across the U.S.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.20 per common share, payable on June 30, 2020, to stockholders of record by June 12, 2020. The company owns and operates over 40,000 cell towers and 80,000 miles of fiber across the U.S., enhancing connectivity for communities. Future dividends will be subject to approval by the Board of Directors.
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