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Crown Castle (CCI) Stock News, Jul-Oct 2020

CCI NYSE

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.

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Crown Castle International Corp. (NYSE: CCI) has appointed Tammy K. Jones and Matthew Thornton, III as independent directors, effective November 6, 2020, as part of its Board transition plan. Tammy Jones brings over 25 years of experience in commercial real estate and capital markets, currently serving as CEO of Basis Investment Group. Matthew Thornton has over 40 years of leadership experience, most recently as COO of FedEx Freight. Both are expected to significantly contribute to Crown Castle's strategy, particularly in advancing its nationwide 5G network initiatives.

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Crown Castle International Corp. (NYSE: CCI) corrected its earlier press release regarding its earnings announcement timeline. The company will disclose its third quarter 2020 results on October 21, 2020, and host a conference call on October 22, 2020, at 10:30 a.m. ET. Investors can access the call via phone or online. A replay of the call will be available until January 20, 2021. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, providing essential communications infrastructure across the U.S.

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Crown Castle International Corp. (NYSE: CCI) will announce its third quarter 2020 earnings on October 21, 2020, after market close.

A conference call is scheduled for October 22, 2020, at 10:30 a.m. ET, accessible by dialing 800-458-4148 or via the company's website.

A replay will be available from 1:30 p.m. ET on October 22 until 1:30 p.m. ET on January 20, 2021.

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Crown Castle International Corp. (NYSE: CCI) announced that CFO Dan Schlanger will present at the RBC Capital Markets Virtual Investor Day on September 29, 2020, at 2:40 p.m. Eastern Time. This presentation will be accessible via live audio webcast on Crown Castle’s website, where it will also be archived for future viewing. Crown Castle operates over 40,000 cell towers and about 80,000 route miles of fiber, providing essential connections for data and technology across major U.S. markets.

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Crown Castle International Corp. (NYSE: CCI) announced that CEO Jay Brown will present at the Goldman Sachs Communacopia Virtual Conference on September 17, 2020, at 9:40 a.m. Eastern Time. The presentation will be streamed live on Crown Castle’s website, where it will be available for replay afterward. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber across major U.S. markets, providing vital communications infrastructure essential for data and wireless services.

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HOUSTON, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) has announced that Dan Schlanger, Executive Vice President and CFO, will present at the Bank of America Merrill Lynch 2020 Media, Communications & Entertainment Conference on September 9, 2020, at 10:45 a.m. ET. The presentation, expected to last about 40 minutes, will be available via live audio webcast on Crown Castle's website and archived for later access.

Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, enhancing connectivity across major U.S. markets.

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Crown Castle International Corp. (NYSE: CCI) announced the retirement of James D. Young, Executive Vice President and COO – Fiber, after over 14 years with the company. Young will assist during the transition to his successor until February 2021. CEO Jay Brown praised Young's contributions, highlighting his role in scaling the company and establishing its small cell and fiber solutions. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber, positioning itself as a leader in U.S. communications infrastructure.

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Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.20 per common share, scheduled for payment on September 30, 2020. Stockholders must be on record by September 15, 2020 to receive the dividend. The dividend amount may be adjusted in future periods based on Board approval. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber across the U.S., providing crucial infrastructure for wireless services.

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Crown Castle International Corp. (NYSE: CCI) has announced that its CFO, Dan Schlanger, will present at the Cowen and Company 6th Annual Virtual Communications Infrastructure Summit on August 11, 2020, at 9:20 a.m. ET. The presentation will be broadcast live and is expected to last around 40 minutes. Users can access the live webcast and the archived presentation on Crown Castle's website.

Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber across the U.S., providing vital communication infrastructure.

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Crown Castle International Corp. (NYSE: CCI) announced the mandatory conversion of its 6.875% Mandatory Convertible Preferred Stock on August 1, 2020. Each share of Preferred Stock will convert into 8.8043 shares of Common Stock. As of July 29, 2020, approximately 1.3 million shares of Preferred Stock were outstanding, alongside 419.7 million Common Stock shares. Post-conversion, Crown Castle expects around 431.3 million Common Stock shares in circulation. Dividends on Preferred Stock will cease on the conversion date, with the next dividend payment scheduled for August 3, 2020.

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FAQ

What is the current stock price of Crown Castle (CCI)?

Crown Castle (CCI) last closed at $79.56.

What is the market cap of Crown Castle (CCI)?

The market cap of Crown Castle (CCI) is approximately $33.8B.