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    CROWN CASTLE (CCI)

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    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.

    View Report →

    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.

    Research analysts who have asked questions during CROWN CASTLE earnings calls.

    Batya Levi

    UBS

    4 questions for CCI

    Also covers: AMT, BCE, FYBR +6 more

    Michael Rollins

    Citigroup

    4 questions for CCI

    Also covers: AMT, ATUS, CCOI +16 more

    Ric Prentiss

    Raymond James

    4 questions for CCI

    Also covers: AMT, ATNI, DBRG +9 more

    Brendan Lynch

    Barclays

    3 questions for CCI

    Also covers: BXP, CUBE, CUZ +16 more

    James Schneider

    Goldman Sachs

    3 questions for CCI

    Also covers: ACN, AMAT, AMKR +25 more

    Nicholas Del Deo

    MoffettNathanson

    3 questions for CCI

    Also covers: AMT, CCOI, DLR +4 more

    Benjamin Swinburne

    Morgan Stanley

    2 questions for CCI

    Also covers: AMT, BATRA, CHTR +20 more

    Brandon Nispel

    KeyBanc Capital Markets

    2 questions for CCI

    Also covers: AMT, CABO, CCOI +4 more

    Jonathan Atkin

    RBC Capital Markets

    2 questions for CCI

    Also covers: AMT, DBRG, DLR +6 more

    Richard Choe

    JPMorgan Chase & Co.

    2 questions for CCI

    Also covers: AMT, DBRG, DLR +3 more

    Simon Flannery

    Morgan Stanley

    2 questions for CCI

    Also covers: ABBN.SW, AMT, BCE +11 more

    Alexander Waters

    Bank of America

    1 question for CCI

    Also covers: CCOI, DLR, DY

    Ari Klein

    BMO Capital Markets

    1 question for CCI

    Also covers: AMT, APLE, DLR +6 more

    David Barden

    Bank of America

    1 question for CCI

    Also covers: AMT, BCE, CCOI +9 more

    Jonathan Chaplin

    New Street Research

    1 question for CCI

    Also covers: ATEX, ATUS, CHTR +6 more

    Joshua Frantz

    Goldman Sachs

    1 question for CCI

    Also covers: ATUS

    Matt Niknam

    Deutsche Bank

    1 question for CCI

    Also covers: DELL

    Michael Funk

    Bank of America

    1 question for CCI

    Also covers: ADSK, AMT, ASAN +21 more

    Nick Del Deo

    MoffettNathanson LLC

    1 question for CCI

    Also covers: AMT, CCOI, DLR +4 more

    Richard Gill

    JPMorgan Chase & Co.

    1 question for CCI

    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 divests fiber small cell business and appoints new CEO
    ·$CCI
    M&A
    Management Change
    Guidance Update
    • Crown Castle will sell its fiber small cell business for $8.5 billion, expected to close in H1 2026; proceeds will be used to pay down $6 billion of debt and fund share buybacks.
    • Christian Hildenbrand, former CEO of Vantage Towers, will join as Crown Castle’s CEO in September, bringing extensive wireless and tower operating experience from T-Mobile, Samsung, Ericsson, and private equity-backed tower operations.
    • Tower leasing guidance for 2025 was raised from $110 million to $115 million at the midpoint, driven by broad carrier activity and improved cycle times; long-term demand drivers include bonus depreciation benefits and upcoming spectrum auctions.
    • Post-divestiture, Crown Castle targets 6–6.5× net debt/EBITDA to maintain investment grade; its long-term AFFO per‐share growth framework combines ~5% organic growth, ~1–2% cost efficiencies, and share buybacks for sustainable high single-digit to low double-digit growth.
    Aug 12, 2025, 4:06 PM
    Crown Castle reports Q2 2025 results and raises guidance
    ·$CCI
    Earnings
    Guidance Update
    M&A
    • Q2 performance: 4.7% organic site rental revenue growth excluding Sprint cancellations, $6 M increase in services revenue, and $37 M SG&A reduction; adjusted full-year 2025 outlook increased by $10 M in site rentals, $25 M in EBITDA, and $35 M in AFFO.
    • Divestiture progress: On track to close sale of small cells and fiber solutions in H1 2026, with state approvals received and responding to DOJ’s second request.
    • Tower efficiency initiatives: Shortened average project cycle times, improved service gross margins, and cut overhead by $10 M, supporting higher leasing expectations.
    • Capital allocation: Annualized dividend reduced to $4.25 for flexibility; post-closure dividend growth targeted at 75–80% of AFFO; net capex of $150–$250 M planned; free cash flow to fund share repurchases while maintaining investment-grade rating.
    Jul 24, 2025, 4:16 AM
    Crown Castle Focuses on US Tower Pure Play Strategy
    ·$CCI
    Management Change
    Dividends
    Share Buyback
    • Strategic Focus: Crown Castle is shifting to a pure play tower business by planning to divest its fiber and small cell segments, simplifying operations and targeting improved returns ( ).
    • Consistent Growth Outlook: The company maintained its guidance of 4.5% revenue growth for 2025, driven by long-term contracts with built-in annual escalators of 2-3% and continued strong wireless data demand ( ).
    • Capital Allocation & Management: Emphasis was placed on disciplined capital allocation, including a dividend payout of 75-80% of AFFO, significant debt reduction, and planned share buybacks, alongside a transition from an interim CEO to a permanent appointment ( ).
    Jun 4, 2025, 10:46 PM
    Crown Castle Inc. Approves Charter Amendments and Director Election
    ·$CCI
    Proxy Vote Outcomes
    Board Change
    • Stockholders approved key Charter amendments, including eliminating supermajority voting requirements and outdated provisions, effective upon filing on May 21, 2025.
    • The annual meeting also saw the election of nine directors and the ratification of PricewaterhouseCoopers LLP as the independent registered public accountant for FY 2025, along with an advisory vote on executive compensation.
    • These actions reflect significant updates to the corporation’s Certificate of Incorporation ensuring compliance with its REIT status requirements.
    May 21, 2025, 12:00 AM
    Crown Castle Reports Strong Q1 2025 Results
    ·$CCI
    Earnings
    Share Buyback
    Guidance Update
    • Interim CEO Daniel Schlanger and new CFO Sunit Patel are leading Crown Castle through its transition to a pure-play tower company, with ongoing progress on the separation and planned sale of its fiber and small cell businesses by H1 2026.
    • Q1 2025 results showed strong performance with 5.1% organic growth in tower site rental revenues and robust free cash flow generation from discontinued operations, supporting an unchanged full-year outlook.
    • The company reaffirmed full-year guidance with expectations of 4.5% organic growth, approximately $2.8 billion in adjusted EBITDA, and $1.8 billion in AFFO, while targeting an investment-grade credit profile with leverage around 6x to 6.5x EBITDA.
    Apr 30, 2025, 9:01 PM
    Crown Castle Inc. Announces Director Departure
    ·$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