Tag Archives: cci

Crown Castle Upside Seen In ‘Small Cell’ Expansion

Cellphone tower operator Crown Castle (CCI) will gain as wireless service providers expand usage of “small cell” technology to boost the capacity of mobile data networks, analysts say. Crown Castle stock hit an all-time high in the stock market today for the second straight day, after the company reported earnings late Wednesday. Shares of Houston-based Crown Castle were up 1.8% in afternoon trading, near 86.79, after rising 4.8% on Thursday,

American Tower Seen Acquiring Verizon Cell Towers

American Tower (AMT) could buy Verizon’s cellphone towers, but at a lower price than some analysts have speculated, says a Citigroup report. AT&T (T) last year sold rights to 9,700 cellphone towers to Crown Castle International (CCI) for $4.85 billion in cash. Crown Castle bought 600 towers outright and leased 9,100 other towers under a long-term deal. Crown Castle has the option of purchasing the 9,100 towers for $4.2 billion. Verizon (VZ)