0
Wireless

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.

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.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Crown Castle
Countries: World
::: add a comment
This article is part of dossier

5G


Add 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.


Related

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

Published 22 Oct 2020 10:33 CET | World
Crown Castle has lowered its full-year guidance but said it sees an uptick in 2021 as customers deploy more cell sites and ...

Crown Castle announces COO transition plan

Published 14 Aug 2020 09:28 CET | World
Crown Castle International announced that James D. Young, EVP and COO – Fiber, plans to retire from Crown Castle following more ...

Elliott slams 'underperforming' Crown Castle fibre strategy

Published 07 Jul 2020 11:44 CET | United States
Activist investor Elliott Management has followed its criticism of AT&T's management by calling for a review of the strategy ...

Crown Castle supports Microsoft's Airband initiative

Published 23 Jun 2020 13:10 CET | United States
Crown Castle entered an agreement with Microsoft to deliver broadband to unserved and underserved rural communities across the US ...

Crown Castle donates USD 2 mln to United Negro College Fund

Published 17 Jun 2020 14:51 CET | United States
Crown Castle International announced a USD 2 million combined donation to UNCF (United Negro College Fund) as part of the ...

Crown Castle prices USD 2.5 bln notes offerings

Published 05 Jun 2020 09:15 CET | World
Crown Castle has priced offerings worth a total of USD 2.5 billion. These consist of USD 500 million worth of 1.350 percent ...

Crown Castle raises USD 1.25 billion for debt refinancing

Published 01 Apr 2020 09:19 CET | United States
Crown Castle has raised USD 1.25 billion in a new debt offering. The company sold USD 750 million of 3.3 percent senior notes due ...

Crown Castle joins 5G Americas board

Published 13 Mar 2020 08:44 CET | United States
5G Americas welcomed Crown Castle to its Board of Governors. A US provider of infrastructure for broadcasting, mobile telephony ...

Crown Castle restates financials after GAAP review, amid strong FY, slower Q4

Published 27 Feb 2020 09:52 CET | World
Crown Castle said it performed well in 2019, with tower leasing activity reaching a ten-year high. The fourth quarter was a bit ...

Crown Castle ups FY div by 7%, guides for stronger 2020 after successful Q3

Published 17 Oct 2019 09:55 CET | World | Update: 18 Oct 2019 10:51 CET
Crown Castle has raised its annual dividend and issued a strong guidance for 2020 following a successful higher third quarter ...

Crown Castle raises USD 900 million in debt offering

Published 02 Aug 2019 11:18 CET | United States
Crown Castle has raised USD 900 million in a new issue of senior notes. This includes USD 550 million of 3.1 percent notes due ...

Crown Castle lifts FY guidance on strong tower business in Q2

Published 18 Jul 2019 09:17 CET | World
Crown Castle has raised its expectations for the full year after reporting higher-than-forecast second quarter results. CEO Jay ...





Calendar   /   Industry Events

26 Feb Deutsche Telekom Q4 2020
26 Feb Tecnotree Q4 2020
26 Feb Proximus Q4 2020
26 Feb OTE Q4 2020 2020
26 Feb HTHK FY results
26 Feb Megacable Q4
26 Feb Report: Dutch Mobile Monitor 2020 Q3
01 Mar Inseego Q4
01 Mar Ooma Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Zoom Video Communications Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar FuboTV Q4 2020
02 Mar HPE fiscal Q1
03 Mar Marvell Technology fiscal Q4
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
04 Mar Inwit Q4 2020
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items