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home / news releases / CCI - Crown Castle's Problems Aren't Over


CCI - Crown Castle's Problems Aren't Over

2024-06-20 00:12:21 ET

Summary

  • Crown Castle faces pressure from activist investors to sell their fiber business. Management underwent their operational review and is currently working through their strategic review.
  • Crown Castle recently lowered their eFY24 forecast and laid off 10% of their workforce to manage down costs.
  • Crown Castle may need to sell their fiber business in order to cover both their future debt maturities and their dividend rate, or refinance at a higher rate.

For further details see:

Crown Castle's Problems Aren't Over
Stock Information

Company Name: Crown Castle International Corp.
Stock Symbol: CCI
Market: NYSE
Website: crowncastle.com

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