Real Estate
Crown Castle closed the $8.4B sale of its Fiber Business, reprinted $7.2B of debt and repurchased $1B in stock, while tower site rental revenues dipped 4% on customer consolidation and the DISH lease termination.
Key risk: Customer Concentration
Approximately 93% of site rental revenues come from T-Mobile, AT&T, and Verizon, so any consolidation or network strategy change could materially reduce revenue.
Other Telecom Tower REITs companies