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Crown Castle lifts FY guidance on strong tower business in Q2

Thursday 18 July 2019 | 09:17 CET | News
Crown Castle has raised its expectations for the full year after reporting higher-than-forecast second quarter results. CEO Jay Brown said the company entered the year with momentum building on the tower side of the business and that these operations were driving the higher guidance. Brown said the company's current tower leasing activity was at its highest level in ten years and that these levels would likely continue next year. The construction of small cells for customers starting 5G deployments is by contrast going slower than expected. Brown noted that the significant increase in small

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