Crown Castle International Corp. to Change Name to Crown Castle Inc.

When announcing its 2022 second quarter report yesterday afternoon, Crown Castle led off by saying it plans to change its corporate name to Crown Castle Inc., effective August 1, 2022. Its common stock will continue to trade under the ticker symbol "CCI" on the New York Stock Exchange.

"We delivered another solid quarter of growth in the second quarter and once again increased our operating expectations for the full year 2022," said Jay Brown, Crown Castle’s Chief Executive Officer. "Consistent with the last couple of decades, it is clear to us that the U.S. represents the highest growth and lowest risk market in the world for communications infrastructure ownership. We are busy supporting our customers as they have begun to upgrade their existing cell sites and deploy thousands of new sites on our macro towers as part of the first phase of the 5G build out, which drove 6 percent organic revenue growth in our Towers segment through the first half of this year.” Continue Reading