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Wireless

Crown Castle almost doubles profit in strong Q1

Thursday 18 April 2019 | 16:25 CET | News
Crown Castle said results for the first quarter came in line with its expectations and that the company remained focused on investing in its business in order to generate an eventual dividend growth of 7-8 percent year. In the quarter, site rental revenues went up 6 percent from the year before to USD 1.219 billion, including USD 65 million worth of organic contributions. The adjusted EBITDA rising 8 percent to USD 821 million and the net profit almost doubling to USD 210 million from 114 million. AFFO also advanced, 9 percent to USD 606 million. Capex amounted to USD 480 million.

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Categories: Mobile & Wireless
Companies: Crown Castle
Countries: World
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