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Wireless

Crown Castle grows Q2 sales 2%, raises full-year outlook

Thursday 23 July 2015 | 10:13 CET | News
Mobile mast company Crown Castle reported USD 899 million of revenue in the second quarter, up 2 percent on USD 878 million in the second quarter of 2014. The company's adjusted funds from operations (AFFO) rose by 3 percent to USD 342 million and site rental revenue increased by 4 percent to USD 737 million. Crown Castle invested approximately USD 219 million in capital expenditure in the second quarter. Adjusted EBITDA increased by 2 percent to USD 521 million, benefitting from higher than expected gross margin contribution from network services. Net profit reached USD 1.1 billion,

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Categories: Mobile & Wireless
Companies: Crown Castle
Countries: United States
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