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Crown Castle

Latest Headlines

Latest Headlines

Evercore: Strike at Verizon may slow spending on wireless network

U.S. tower companies have seen their shares generally hold firm despite concerns about carriers' network strategies as the industry moves toward 5G. But the ongoing strike by Verizon's wireline workers could create a temporary drag on network investments by the company's largest mobile network operator, according to analysts at Evercore ISI.

American Tower reports $1.29B in revenue, buoying U.S. cell tower market

American Tower Corporation posted a solid quarter, beating estimates and providing more evidence that the cell tower industry is alive and well.

Crown Castle posts $934.4 million in revenue, increases guidance in uncertain tower market

Crown Castle's first-quarter earnings drew relatively positive responses from analysts as the company reported mixed financial results but increased its guidance for the year.

Evercore: Carriers' tower spending 'could remain muted' though incentive auction

U.S. tower companies could be in for a slow summer if carriers cut back their spending during the upcoming incentive auction, according to analysts at Evercore ISI.

Crown Castle buys TDC for $461 million

Crown Castle announced late last week that it has bought Tower Development Corporation (TDC), a portfolio company owned by investment firm Berkshire Partners, for approximately $461 million in cash. The deal for TDC give Crown Castle control of 336 towers in the U.S. and Puerto Rico with an average tenancy of approximately two tenants per tower.

Report: Tower companies face 'growing pains' as AT&T, others reduce spending ahead of auction, 5G

Wells Fargo Securities analysts downgraded the entire tower sector, saying that carriers are beginning to balk at traditional network contracts in advance of the FCC's incentive auction and the development of 5G standards.

SBA, Crown Castle report carriers' continued demand for macrocells

Shares of wireless tower companies waivered last month following a report that Sprint planned to dramatically overhaul its network and move away from traditional macrocells in favor of smaller cells. But tower companies say they aren't seeing decreased demand for their services.

Zayo, Crown Castle, other dark fiber providers could get revenue boost from C-RAN fronthaul, says Well Fargo

As wireless operators move forward with their C-RAN deployments, it could spell new opportunities for a host of competitive fiber providers and tower providers like Zayo Group and Crown Castle that offer dark and lit fiber services.

Crown Castle increases 2016 financial guidance, analyst sees 'validation' of tower business model

Crown Castle posted relatively solid quarterly earnings and bumped its guidance for 2016, capping what had been a nervous couple of weeks for investors in light of reports of a major network transition by Sprint.

Sprint's rumored network overhaul to include relocating towers and relying on microwave backhaul

Sprint is reportedly about to embark on a radical overhaul of its cellular network that will include moving its antennas off of towers owned by companies like Crown Castle and American Tower and instead using government-owned land and towers with cheaper rent.  In addition, the carrier is rumored to also be ending its reliance on fiber for backhaul and instead use microwave, which will mean it won't have to lease fiber from players like AT&T and Verizon. According to Re/code, which first reported Sprint's network plans, the revamp of its network towers and backhaul could save the company $1 billion and begin as soon as June.