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Crown Castle International Corp (CCI) Q1 2021 Earnings Call Transcript


Operator
Good day, everyone, and welcome to the Crown Castle Q1 2021 Earnings Call. [Operator Instructions] At this time, I d like to turn the conference over to Ben Lowe. Please go ahead.
Benjamin Raymond Lowe
Vice President Of Corporate Finance & Treasurer
Great. Thank you, Vicki, and good morning, everyone. Thank you for joining us today, as we discuss our first quarter 2021 results. With me on a call this morning are Jay Brown, Crown Castle s Chief Executive Officer; and Dan Schlanger, Crown Castle s Chief Financial Officer. To aid the discussion, we have posted supplemental materials in the Investors section of our website at crowncastle.com, that will be referenced throughout the call this morning. This conference call will contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions, and the actual results may vary materially from those expected. ....

United States , Simon Flannery Morgan Stanley , Raymond James , Danielk Schlanger , Benjamin Raymond Lowe , Dan Schlanger , Matt Niknam , Michael Rollins Citigroup , Crown Castle , Michael Rollins , Jay Brown , Jonathan Atkin , Phil Cusick , Prentiss Raymond James , Simon Flannery , Jon Atkin , Colby Synesael , Ben Lowe , Jaya Brown , Crown Castle International Corp , Morgan Stanley , Colby Synesael Cowen Co , Deutsche Bank , Matthew Niknam Deutsche Bank Analyst , President Of Corporate Finance , Chief Executive Officer ,

Crown Castle Reports Mixed Quarter, Raises Full-Year Guidance


Crown Castle Reports Mixed Quarter, Raises Full-Year Guidance
Crown Castle missed revenue estimates but raised its full-year earnings and revenue outlook.
Author:
Shares of Crown Castle International Corp.  (
CCI) - Get Report were unchanged after the cell tower real estate investment trust reported mixed first-quarter earnings Wednesday. 
Crown Castle reported adjusted funds from operations of $1.71 per share on revenue of $1.49 billion. The Houston-based company was expected to report AFFO of $1.63 per share on revenue of $1.5 billion.
We are excited to continue to support our customers wireless infrastructure needs as they deploy nationwide 5G in the U.S., and we expect to once again generate industry leading domestic tower revenue growth in 2021, said CEO Jay Brown in a statement.  ....

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Crown Castle Announces Pricing of Senior Notes Offering


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HOUSTON, Feb. 08, 2021 (GLOBE NEWSWIRE) Crown Castle International Corp. (NYSE: CCI) ( Crown Castle ) announced today that it has priced its previously announced public offering of 1.050% Senior Notes due 2026, 2.100% Senior Notes due 2031, and 2.900% Senior Notes due 2041, in aggregate principal amounts of $1.0 billion, $1.0 billion and $1.25 billion, respectively. The Senior Notes due 2026 will have an interest rate of 1.050% per annum and will be issued at a price equal to 99.686% of their face value to yield 1.110%. The Senior Notes due 2031 will have an interest rate of 2.100% per annum and will be issued at a price equal to 99.546% of their face value to yield 2.150%. The Senior Notes due 2041 will have an interest rate of 2.900% per annum and will be issued at a price equal to 99.558% of their face value to yield 2.929%. ....

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