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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Crown Castle International Corp. (REIT)
Type
Public
Traded as NYSE: CCI
S&P 500 Component
Industry Wireless communication services
Founded 1994; 23 years ago (1994) in Texas
Headquarters Houston, Texas, United States
Revenue Increase US$3.664 billion (2015)
Operating income
Increase US$946 million (2015)
Net income
Increase US$1.521 billion (2015)
Total assets Increase US$22.0 billion (2015)
Total equity Increase US$7,089 million (2015)
Number of employees
2,700 (2015)
Website crowncastle.com
Footnotes / references

Crown Castle International Corp. is an American corporation headquartered in Houston, Texas, which provides infrastructure for broadcasting, mobile telephony and wireless broadband including small cell, traditional cell sites, rooftop sites and indoor/outdoor distributed antenna systems. It operates in the United States, including Puerto Rico. It provides mobile telephone coverage to all of the top 100 markets in the US on behalf of service providers such as Verizon, AT&T Mobility, Sprint and T-Mobile. In 2015, the company ranked #166 in the S&P 500 index.

On August 31, 2004 Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for $2.035 billion in cash National Grid Transco plc was renamed as National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.

On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., a rival U.S. tower operator which was based in Sarasota, Florida.

On December 11, 2011, Crown Castle announced a definitive agreement to purchase NextG Networks, Inc. for about $1.0 billion. NextG had over 7,000 distributed antenna system nodes on-air at the time of the agreement with another 1,500 nodes under construction as well as rights to more than 4,600 miles of fiber optic cables.

On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile USA. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion. After the deal ends in 2040, Crown Castle may be able to purchase the towers for an additional $2.4 billion.

On October 20, 2013, Crown Castle entered a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years in exchange for $4.85 billion. Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion. 600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 a month per site to access the towers with rent rising approximately 2% per year.

In 2015, Crown Castle expanded into small cell technology to boost the capability and widen the scope of their network. The acquisition of Quanta Fiber Networks (Sunesys) in 2015 ensured that the company had access to over 10,000 miles of fiber in key metro areas like Los Angeles, Chicago, Silicon Valley and Atlanta, this followed the 2014 acquisition of 24/7 Mid-Atlantic Network with over 800 miles of fiber along the East Coast of the United States.

On July 19, 2017, Crown Castle signed a definitive agreement to acquire Lightower for approximately $7.1 billion in cash. Lightower is a fiber network operator primarily in the northeast United States. This transaction increases Crown castle's fiber network to approximately 60,000 route miles. The buyout had a significant impact on second-quarter earnings reported in late July. Revenue increased by 3.3% and small cells increased sales by 42%. Crown Castle also announced a $3.25 billion common stock offering as well as a $1.5 billion sale of convertible preferred shares to help finance the Lightower purchase.


Investment goal date:
Dividends reinvested
Crown Castle International Corp. (REIT) CCI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-22
--
--
Q4 2017
2018-01-26
--
--
Q3 2017
2017-10-18
0.2100
0.2100
Q2 2017
2017-07-19
0.3100
0.3100
Q1 2017
2017-04-24
0.3300
0.3300
Q4 2016
2017-01-25
0.3500
0.3500
Q3 2016
2016-10-20
0.2600
0.2600
Q2 2016
2016-07-21
0.2200
0.2200
Q1 2016
2016-04-21
0.1100
0.1100
Q4 2015
2016-01-27
0.3900
0.3900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
7329174
BlackRock Inc.
23279013
BlackRock Institutional Trust Company, N.A.
9679829
Capital International Investors
7652200
Capital Research Global Investors
20013444
Capital World Investors
20548335
DEUTSCHE BANK AG\
7237057
FEDERATED INVESTORS INC /PA/
9251033
Invesco Ltd.
10703440
Jackson Square Partners, LLC
6969716
MORGAN STANLEY
7860425
PRICE T ROWE ASSOCIATES INC /MD/
16047867
Shinko Asset Management Co., Ltd.
6982849
STATE STREET CORP
14766574
Vanguard Group, Inc
23480879
Major Shareholders
Name Relationship
Total Shares
Holding stocks
GARRISON ROBERT E II
0.0100% (24100)
CCI /
KELLY JOHN P
0.2100% (706083)
CCI /
HAWK E BLAKE
0.1000% (324932)
CCI /
MORELAND W BENJAMIN
0.1700% (575055)
CCI / CPN /
HOGAN LEE W
0.0100% (48098)
CCI /
HUTCHESON EDWARD C JR
0.0200% (57736)
CCI /
FITZGERALD ARI Q
0.0100% (25503)
CCI /
HATFIELD DALE N
0.0100% (22141)
CCI /
MCKENZIE ROBERT F
0.0100% (28953)
CCI /
CHRISTY LANGENFELD CYNTHIA K
0.0100% (23073)
CCI / DNB /
Young James D
0.0400% (140006)
CCI /
Brown Jay A.
0.0500% (153038)
CCI /
Kelley Philip M
0.0300% (91808)
CCI /
Kelley Philip M
0.0300% (102359)
CCI /
Slowey Patrick
0.0200% (63540)
CCI /
Bartolo P Robert
0.0100% (25778)
CCI /
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