Crown Castle (NYSE: CCI) expects to deploy about 5,000 small cells by the end of 2022. The company has an inventory of around 115,000 small cells that consists of 55,000 currently operating, or what CCI refers to as “on-air,” and the remaining 60,000 units on the books to be built over the next five years. These small cells are installed as nodes on CCI’s extensive fiber optic network that spans over 85,000 route miles and is concentrated in major U.S. markets.
In its 2Q22 earnings call, the company said it will double to 10,000 the number of new small cell installations in 2023. As its mobile network operator tenants complete the lion’s share of their network upgrades to 5G and new mid-band spectrum deployments on macro towers, they will shift their focus to densifying their networks using small cells primarily in the top 30-50 urban markets around the U.S., where CCI is particularly well positioned. Continue Reading |
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