Crown Castle’s Long Growth Runway

By John Celentano, Inside Towers Business Editor

Crown Castle (NYSE: CCI) sees a long, steady growth ramp in site leasing revenues. The company anticipates that its mobile network operator tenants will continue to expand their network coverage and capacity in major markets with towers, small cells, and fiber for years to come. CCI points out that its MNO customers have invested about $200 billion between acquiring spectrum licenses and investing in 5G network infrastructure over the last four years.  The company expects MNO investment and expansion activity to continue at a high level through 2025, as each MNO builds macrocells on towers, then densifies their networks in urban centers with small cell deployments. Continue Reading