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    Crown Castle Inc (CCI)

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    No business description found.

    NamePositionExternal RolesShort Bio

    Steven J. Moskowitz

    ExecutiveBoard

    President and Chief Executive Officer

    None

    Former EVP at American Tower; led significant U.S. operations expansion and M&A activities.

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    Chris Levendos

    Executive

    EVP and Chief Operating Officer - Fiber

    Board Member at Regional Planning Association (RPA) and INCOMPAS; Member of Stevens Institute of Technology President’s Leadership Council

    Joined CCI in 2018; previously held leadership roles at Verizon and Google; extensive experience in fiber operations and telecom infrastructure.

    Dan Schlanger

    Executive

    EVP and Chief Financial Officer

    None

    Joined CCI in 2016; previously CFO at Exterran GP LLC; extensive experience in finance and capital markets.

    Edmond Chan

    Executive

    EVP and Chief Information Officer

    None

    Former CTO at Verizon; extensive experience in technology strategy, network planning, and operations.

    Edward B. Adams, Jr.

    Executive

    EVP and General Counsel

    None

    Extensive legal expertise; oversees legal and regulatory matters for CCI.

    Philip M. Kelley

    Executive

    EVP, Corporate Development and Strategy

    None

    Joined CCI in 1997; previously Managing Director of Crown Castle Australia; extensive experience in corporate strategy and international operations.

    Andrea J. Goldsmith

    Board

    Independent Director

    Director at Intel and Medtronic; Member of PCAST

    Director since 2018; Dean of Engineering at Princeton; expertise in wireless communications and technology.

    Ari Q. Fitzgerald

    Board

    Independent Director

    Partner at Hogan Lovells; Secretary of MMTC

    Director since 2002; extensive legal and regulatory expertise in telecom and wireless industries.

    Bradley E. Singer

    Board

    Independent Director

    Director at Redfin and Sweetgreen; National Board Member at Posse Foundation

    Director since 2024; former CFO at American Tower and COO at ValueAct Capital; expertise in finance, telecom, and governance.

    Cindy Christy

    Board

    Independent Director

    Treasurer at CTIA

    Director since 2007; former President at Asurion and Alcatel-Lucent; expertise in telecom and technology.

    Jason Genrich

    Board

    Independent Director

    Director at Cloud Software Group, GoTo Group, and Travelport Worldwide

    Director since 2024; Senior Portfolio Manager at Elliott Investment Management; expertise in TMT investments and M&A.

    Kevin A. Stephens

    Board

    Independent Director

    Director at Keysight Technologies and Consumer Cellular

    Director since 2020; extensive experience in fiber and telecom industries; previously EVP at Altice USA.

    Kevin T. Kabat

    Board

    Independent Director

    Chair of Unum Group and NiSource Inc.

    Director since 2023; former CEO of Fifth Third Bancorp; expertise in financial services and governance.

    Matthew Thornton III

    Board

    Independent Director

    Director at Sherwin-Williams and Trustee at Nuveen Funds Complex

    Director since 2020; former EVP at FedEx; expertise in logistics, operations, and governance.

    P. Robert Bartolo

    Board

    Chair of the Board

    Board Member at Cable One, Inc.

    Director since 2014; former EVP at T. Rowe Price; expertise in telecom, finance, and governance.

    Sunit S. Patel

    Board

    Independent Director

    Board Member at Cirion Technologies

    Director since 2024; CFO at Ibotta; former EVP at T-Mobile and CFO at Level 3 Communications; expertise in finance and M&A.

    Tammy K. Jones

    Board

    Independent Director

    Chair of Veris Residential, Inc.; Chair of Real Estate Executive Council

    Director since 2020; CEO of Basis Investment Group; extensive experience in real estate and finance.

    W. Benjamin Moreland

    Board

    Independent Director

    Chair of Clear Channel Outdoor Holdings; Director at Houston Methodist Hospital

    Director since 2006; former CEO of CCI; extensive experience in telecom infrastructure and finance.

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total additional amountN/A
    Remaining authorizationN/A
    DetailsPurchased 0.3 million shares for $32 million in cash during the nine months ended September 30, 2024, related to shares withheld for taxes upon RSU vesting. Terminated 2021 ATM program with $750 million unsold; established new 2024 ATM program with $750 million authorized, no shares sold.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2024$1,340 Commercial Paper Notes N/A5.6% = (1,340 / 24,063) * 100
    2025$609 1.350% Senior Notes 1.4 2.5% = (609 / 24,063) * 100
    2026$2,785 4.450%, 3.700%, 1.050% Senior Notes 4.5, 3.7, 1.1 11.6% = (2,785 / 24,063) * 100
    2027$3,256 4.000%, 2.900%, 3.650% Senior Notes 4.0, 2.9, 3.7 13.5% = (3,256 / 24,063) * 100
    2028$2,634 5.000%, 3.800%, 4.800% Senior Notes 5.0, 3.8, 4.8 10.9% = (2,634 / 24,063) * 100
    2029N/A4.300%, 5.600%, 4.900%, 3.100% Senior Notes 4.3, 5.6, 4.9, 3.1 N/A
    2030N/A3.300% Senior Notes 3.3 N/A
    2031N/A2.250%, 2.100%, 2.500% Senior Notes 2.3, 2.1, 2.5 N/A
    2033N/A5.100% Senior Notes 5.1 N/A
    2034N/A5.800%, 5.200% Senior Notes 5.8, 5.2 N/A
    2041N/A2.900% Senior Notes 2.9 N/A
    2047N/A4.750% Senior Notes 4.8 N/A
    2049N/A5.200%, 4.000% Senior Notes 5.2, 4.0 N/A
    2050N/A4.150% Senior Notes 4.2 N/A
    2051N/A3.250% Senior Notes 3.3 N/A

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Some of the largest competitors in the Towers segment include this company, which is an independent communications infrastructure owner or operator.

    This company is also one of the largest competitors in the Towers segment, competing as an independent communications infrastructure owner or operator.

    CustomerRelationshipSegmentDetails

    T-Mobile

    Major wireless tenant under master lease agreements

    All

    35% of 2024 consolidated revenues , 38% in 2023 , 38% in 2022

    AT&T

    Major wireless tenant under master lease agreements

    All

    19% of 2024 consolidated revenues , 19% in 2023 , 18% in 2022

    Verizon Wireless

    Major wireless tenant under master lease agreements

    All

    19% of 2024 consolidated revenues , 19% in 2023 , 18% in 2022

    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP2011 PresentCurrent auditor

    Recent press releases and 8-K filings for CCI.

    Crown Castle Inc. Announces Director Departure
    CCI
    Board Change
    Management Change
    • Steven J. Moskowitz, former President and CEO, resigned from the Board effective April 10, 2025.
    • The 8-K filing was issued by Crown Castle Inc. and signed by Executive Vice President and General Counsel Edward B. Adams, Jr. on April 11, 2025.
    Apr 11, 2025, 12:00 AM
    Crown Castle Announces CEO Transition
    CCI
    CEO Change
    Management Change
    • Interim CEO Appointment: Crown Castle Inc. announced that Daniel Schlanger has been appointed as interim CEO, effective immediately, following the termination of President and CEO Steven Moskowitz.
    • Leadership Transition Process: The Board has initiated a search for a permanent CEO and confirmed that Mr. Schlanger will serve until the new appointment, with plans to transition him to Chief Transformation Officer once the successor is named.
    • Contact Information Provided: The document lists Kris Hinson, VP Corp Finance & Treasurer, and his contact details for further corporate inquiries.
    Mar 24, 2025, 12:00 AM
    Crown Castle Announces Material Purchase Agreement Update
    CCI
    M&A
    • Crown Castle Inc. filed an 8‑K on March 13, 2025, disclosing details of a material Purchase Agreement related to the sale of its business segments, including provisions that restrict competitive activities for two years and six months post‑closing.
    • The filing includes exhibits with the Stock Purchase Agreement and selected financial statements detailing operational covenants, indemnification, and legal representations, ensuring the parties’ commitments are clearly defined.
    Mar 17, 2025, 12:00 AM
    Crown Castle Announces Q4 2024 Results and Fiber Segment Sale
    CCI
    Earnings
    M&A
    Dividends
    • Fiber Segment Sale: Crown Castle signed a definitive agreement to sell its Fiber segment—including small cells and commercial enterprise fiber—to EQT and Zayo, with the transaction expected to close in the first half of 2026, aiming to enhance shareholder value by focusing on its tower business.
    • Strong Operational Performance: The company reported solid Q4 and full-year 2024 results with organic growth of 4.5% in towers, 12% in small cells (driven by over 12,500 new revenue-generating nodes), and 2% in fiber solutions, alongside significant reductions in operating costs.
    • Impairment and 2025 Outlook: A $5 billion goodwill impairment was recorded for the Fiber reporting unit, and for 2025, only tower operations will be reported as Fiber moves to discontinued operations, with AFFO anticipated to reach approximately $2.3 billion after adjustments.
    Mar 13, 2025, 9:01 PM
    Crown Castle Announces Q4 2024 Earnings Call Results
    CCI
    Earnings
    Dividends
    M&A
    • Crown Castle conducted its Q4 2024 earnings call, emphasizing forward-looking statements and non-GAAP measures as part of its detailed financial review.
    • The company concluded its strategic review by signing an agreement to sell its Fiber Segment for $8.5 billion, with the transaction expected to close in the first half of 2026, positioning it as the only public pure-play U.S. tower company.
    • Proceeds from the transaction will be used to repay debt, repurchase shares through an approximately $3.0 billion share buyback program, and adjust dividends to around $4.25 per share starting in Q2 2025.
    • The outlook for 2025 includes an AFFO guidance in the range of $1,770 - $1,820 for the year and an estimated annual AFFO at closing between $2,265 - $2,415, highlighting expectations for improved performance.
    Mar 13, 2025, 9:00 PM
    Crown Castle Announces Q4 2024 Earnings and Fiber Segment Sale
    CCI
    M&A
    Dividends
    Share Buyback
    • Crown Castle reported its Q4 and full-year 2024 financial results, including site rental revenues of $6,358 million and a net loss of $3.9 billion, driven partly by a significant $5.0 billion goodwill impairment in its Fiber business.
    • The company announced a definitive agreement to sell its small cells and fiber solutions businesses for $8.5 billion, with the transaction projected to close in the first half of 2026.
    • As part of an updated capital allocation framework, Crown Castle plans to reduce its annualized dividend to approximately $4.25 per share in Q2 2025 and launch an expected $3.0 billion share repurchase program post-transaction.
    • Dan Schlanger, CFO, is listed as a primary contact for further inquiries concerning the announcement.
    Mar 13, 2025, 12:00 AM
    Crown Castle Reschedules Q4 2024 Earnings Conference Call
    CCI
    Earnings
    • Crown Castle Inc. has postponed its Q4 2024 earnings release and full year 2024 results until March 13, 2025, after market close.
    • The earnings conference call is now scheduled for 5:00 p.m. ET with updated dial-in instructions and live webcast details provided.
    • The rescheduling comes as the company conducts a strategic review of alternatives for its Fiber segment.
    Mar 12, 2025, 12:00 AM