CCI

Crown Castle Inc. is one of the largest providers of shared communications infrastructure in the United States, owning and operating cell towers, small cells, and fiber networks. The company leases space on its infrastructure to wireless carriers including AT&T, T-Mobile, and Verizon, enabling them to deploy wireless networks without building their own towers. Crown Castle owns tens of thousands of cell towers and operates fiber networks supporting small cell deployments and fiber solutions in major metropolitan areas. The company generates revenues from long-term lease contracts with wireless carriers, providing stable, growing cash flows. Founded in 1994 and organized as a REIT since 2014, Crown Castle is headquartered in Houston, Texas. The company benefits from structural growth in wireless data traffic driving carrier network investments in 4G, 5G, and future generations. Crown Castle provides essential infrastructure with high barriers to entry, long-term contracts with rent escalators, and recurring revenue models. The company faces competition from American Tower and SBA Communications, tower construction costs, and carrier consolidation. Crown Castle pays substantial dividends to shareholders. The company continues to invest in tower modifications, small cell deployments, and fiber assets.