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,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Crown Castle
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Crown Castle grows revenue but profit shrinks in Q1

Published 22 Apr 2016 10:44 CET | United States
US mobile infrastructure provider Crown Castle reported USD 799 million of site rental revenue in the first quarter, up 9 percent ...

Crown Castle raises FY outlook, dividend

Published 22 Oct 2015 10:01 CET | United States
Towers operator Crown Castle raised its full-year outlook and dividend after reporting a strong set of third-quarter results. The ...

Macquarie to buy Crown Castle Australia for AUD 2 bln

Published 14 May 2015 14:25 CET | Australia
Mobile towers operator Crown Castle announced an agreement to sell its Australian subsidiary to a consortium of investors led by ...

Crown Castle buys Sunesys for USD 1 bln

Published 30 Apr 2015 12:41 CET | United States
Crown Castle said it has agreed to acquire Quanta Fiber Networks (Sunesys) for USD 1.0 billion in cash, subject to a few limited ...

Crown Castle lifts revenues 7% to USD 941 mln in Q1

Published 23 Apr 2015 12:31 CET | United States
Crown Castle said its first quarter results reflected continued demand for wireless infrastructure at US mobile carriers. The ...