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Crown Castle lowers FY outlook but lifts annual div by 11% after mixed Q3

Thursday 22 October 2020 | 10:33 CET | News
Crown Castle has lowered its full-year guidance but said it sees an uptick in 2021 as customers deploy more cell sites and spectrum in response to the rapid growth in mobile data traffic. CEO Jay Brown also believes the company will be able to benefit what it expects will be a decade-long investment cycle from next year, as customers deploy 5G. Brown said the company is still on track to generate growth in AFFO per share this year in line with its long-term target of 7-8 percent. He added that the company is also increasing its annual stock dividend by 11 percent to USD 5.32 per share,

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