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Crown Castle lowers FY profit guidance after mixed Q2, introduces new corporate governance practices

Thursday 30 July 2020 | 09:28 CET | News
Crown Castle reported mixed results for the second quarter and lowered its full year net profit guidance, keeping the rest of the forecast as is. CEO Jay Brown continues to anticipate a significant increase in industry activity in the second half but said the full industry rebound is going to go slower than expected. The company still sees AFFO per share growing at least 7 percent this year. Looking further ahead, Brown sees a decade long investment cycle for customers with the deployment of 5G, with further potential for AFFO per share growth in 2021.

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