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| Name | Position | External Roles | Short 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
Michael Rollins
Citigroup
4 questions for CCI
Ric Prentiss
Raymond James
4 questions for CCI
Brendan Lynch
Barclays
3 questions for CCI
James Schneider
Goldman Sachs
3 questions for CCI
Nicholas Del Deo
MoffettNathanson
3 questions for CCI
Benjamin Swinburne
Morgan Stanley
2 questions for CCI
Brandon Nispel
KeyBanc Capital Markets
2 questions for CCI
Jonathan Atkin
RBC Capital Markets
2 questions for CCI
Richard Choe
JPMorgan Chase & Co.
2 questions for CCI
Simon Flannery
Morgan Stanley
2 questions for CCI
Alexander Waters
Bank of America
1 question for CCI
Ari Klein
BMO Capital Markets
1 question for CCI
David Barden
Bank of America
1 question for CCI
Jonathan Chaplin
New Street Research
1 question for CCI
Joshua Frantz
Goldman Sachs
1 question for CCI
Matt Niknam
Deutsche Bank
1 question for CCI
Michael Funk
Bank of America
1 question for CCI
Nick Del Deo
MoffettNathanson LLC
1 question for CCI
Richard Gill
JPMorgan Chase & Co.
1 question for CCI
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
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. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
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 |
Recent press releases and 8-K filings for CCI.
- AT&T’s $23 billion purchase of EchoStar spectrum underscores continued wireless data importance and is a net positive for the tower sector by signaling carriers’ commitment to 5G deployment and network capacity expansion.
- Chris LeBrun joined as CEO (day 3), reinforcing the shift to a pure-play U.S. tower operator following the planned $8.5 billion sale of its fiber and small-cell businesses.
- Q2 leasing activity outpaced expectations, prompting a raised guide; organic tenant billings and improved cycle times drove better-than-forecast SG&A performance amid robust 5G coverage and throughput demand.
- Post-divestiture, $6 billion of proceeds will fund debt reduction and remaining proceeds a share buyback program; target dividend payout is 75 %–80 % of AFFO to support growth and investment-grade ratings.
- Satellite-based connectivity (e.g., SpaceX) is seen as a valuable niche, but terrestrial tower networks will continue to carry orders of magnitude more data and remain core to mobile infrastructure.
- Crown Castle will divest its fiber and small cell business for $8.5 billion, expected to close H1 2026, repositioning as a U.S. tower-only company with pro forma AFFO guidance midpoint of $2.34 billion (vs. $1.88 billion current) and plans to use $6 billion of proceeds to pay down debt.
- Kristoffer Hinson, formerly of T-Mobile, Ericsson and Vantage Towers, joins as permanent CEO next week to lead the simplified tower operations.
- Organic leasing remains robust at a $110–120 million annual run rate, driven by multi-band 5G deployments and contractual escalators, supporting mid-single-digit growth expectations.
- Post-sale capital allocation targets a $4.25/share dividend (75–80% of FFO), with remaining AFFO earmarked for buybacks; annual tower CapEx remains modest at $100–200 million.
- Efficiency initiatives—including platform consolidation and system upgrades—are expected to yield further cost reductions within 2–3 years, enhancing long-term margins.
- Crown Castle will divest its fiber and small cell businesses in the first half of next year for $8.5 billion, refocusing as a U.S. tower-only operator.
- Post-close AFFO guidance midpoint is set at $2.34 billion (assuming a June 30 transaction), versus $1.88 billion for the current fiscal year.
- Capital allocation plan resets the dividend at $4.25 per share (75–80% of FFO), applies $6 billion of divestiture proceeds to debt paydown, and uses the balance for share buybacks.
- Kristoffer Hinson, with extensive tower and carrier experience, will join as CEO next week to lead the streamlined tower-only strategy.
- Crown Castle expects to complete its $8.5 billion sale of the fiber and small cell business in H1 2026, refocusing on a U.S. tower-only model.
- AFFO guidance raised to $2.34 billion (midpoint) for July 1, 2025–June 30, 2027, up from $1.88 billion this year, with $6 billion of sale proceeds allocated to debt reduction.
- Kristoffer Hinson, with extensive tower operations experience, will become CEO next week as CFO Sunit Patel targets efficiency gains via technology and process improvements.
- Post-transaction capital allocation resets the dividend to 75–80% of FFO (currently $4.25/share), with remaining proceeds for share buybacks.
- Crown Castle expects to complete the divestiture of its fiber and small cell business in the first half of 2026, receiving $8.5 billion in proceeds, deploying $6 billion to debt paydown, and guiding mid-point AFFO of $2.34 billion vs $1.88 billion this year.
- Kristoffer Hinson will join as permanent CEO next week, with plans to drive operational efficiencies through technology and system improvements while balancing top-line growth and bottom-line performance.
- The company raised its leasing guidance at Q2, supported by continued mobile data demand, new spectrum band deployments, and 5G expansion.
- Post-transaction capital allocation includes a $4.25 per share dividend (75–80% of FFO), with excess proceeds earmarked for share buybacks; annual tower CapEx remains modest at $100–200 million.
- 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.
- 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.
- 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 ( ).
- 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.
- 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.