Dan Schlanger, Crown Castle (NYSE: CCI) CFO, at the recent Citi Communications, Media & Entertainment Conference, shared CCI’s 2023 strategic and operating priorities, commenting, “We have a pretty consistent set of priorities. We want to lease up the assets we already own, and we want to build assets that we think we can lease-up over time.” With mobile data demand escalating, CCI is helping MNO tenants identify where additional infrastructure will be needed to meet that demand in 2023 and beyond.- Portfolio synergy advantage
At the end of 3Q22, CCI reported a diverse portfolio of 40,114 towers, 85,000 fiber route-miles and 115,000 small cells on-air and under contract; all in the U.S. CCI’s mix of towers and fiber was instrumental in landing a 15-year agreement with DISH Network. DISH wanted one provider for both towers and fiber so that it could rapidly deploy new cell sites utilizing CCI’s towers and fiber predominantly in urban areas. With the MLA in place and access to 20,000 towers, DISH has incentives to go on as many CCI sites as they can. Once DISH is on a tower, CCI expects long term amendment growth from that site. Continue Reading |
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