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.
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Crown Castle's Problems Aren't Over