Crown Castle raises revenue forecast amid intensifying service provider competition
What happened
Crown Castle International Corp. raised its full-year site rental revenue forecast to between $4.00 billion and $4.04 billion. The company also expects adjusted funds from operations to be between $4.14 and $4.25 per share. This follows the company reporting second-quarter site rental revenue of $1.01 billion, compared to estimates of $1.04 billion.
From Reuters
Why it matters
The increase in revenue forecasts reflects healthy leasing activity as service providers continue to expand capacity amid the 5G boom. Crown Castle derives the majority of its revenue from leasing tower infrastructure to wireless carriers in the United States.
Crown Castle International Corp. reported on its portfolio of wireless infrastructure assets in the US.
From Reuters
Who's involved
- Crown Castle International Corp.American communications infrastructure company that owns and leases tower infrastructure
- Dan SchlangerCEO and executive of Crown Castle International Corp.
- Sunit B PatelExecutive Vice President and CFO at Crown Castle International Corp.
How it developed
Newest first. Tap a step to see who reported it.- Major carriers (Verizon, AT&T, T-Mobile) report that 93% of site rental revenue flows from them, and Crown Castle yields more than SBA Communications.Sub-event
- Crown Castle International Corp.'s portfolio now covers top 100 trading areas as of July 9, 2025.Sub-event
- Crown Castle supports U.S. markets from Houston.Sub-event
Crown Castle is leasing tower infrastructure as service provider competition intensifies.1 source
Keep exploring
The entities involved
-
Crown Castle International Corp.
American communications infrastructure company
Nothing else this week.
Coverage
Newest first; wire copies grouped- ReutersCrown Castle raises annual site rental revenue forecast on healthy leasing activity (Reuters) -Wireless tower operator Crown Castle raised its annual site rental revenue forecast on Wednesday, hintin