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Crown Castle Announces Agreement To Sell Fiber Segment to EQT and Zayo, Reports Fourth Quarter and Full Year 2024 Results, and Provides Outlook for Full Year 2025
Successfully Concludes Strategic Review with Agreement to Sell Small Cells and Fiber Solutions fo...
About this update from Canadian Copper, Inc.
[{"type":"text","content":"Crown Castle Announces Agreement To Sell Fiber Segment to EQT and Zayo, Reports Fourth Quarter and Full Year 2024 Results, and Provides Outlook for Full Year 2025\n\n\n\n\n\n Successfully Concludes Strategic Review with Agreement to Sell Small Cells and Fiber Solutions for $8.5 Billion\n \n\n\n\n\n\n Results in Crown Castle as the Only Pure-Play, Publicly-Traded US Tower Company\n \n\n\n\n\n\n Increases Capital Efficiency with Updated Capital Allocation Framework, Including Anticipated New Dividend Policy and Proposed Approximately $3.0 Billion Share Repurchase Program\n \n\n\n\n HOUSTON, March 13, 2025 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (\"Crown Castle\" or \"Company\") today reported results for the full year ended December 31, 2024, as reflected in the table below.\n \n\n\n\n\n\n\n Actual\n \n\n\n Previous\n \n 2024\n \n Outlook\n \n Midpoint\n \n (b)\n \n\n\n Actual\n \n Compared\n \n to Previous\n \n Outlook\n \n Midpoint\n \n\n\n\n\n (dollars in millions, except per share amounts)\n \n\n\n 2024\n \n\n 2023\n \n\n Change\n \n\n % Change\n \n\n\n\n Site rental revenues\n \n\n $6,358\n \n\n $6,532\n \n\n $(174)\n \n\n (3)%\n \n\n $6,340\n \n\n $18\n \n\n\n\n Net income (loss)\n \n\n $(3,903)\n \n\n $1,502\n \n\n $(5,405)\n \n\n (360)%\n \n\n $1,020\n \n\n $(4,923)\n \n\n\n\n Net income (loss) per share—diluted\n \n\n $(8.98)\n \n\n $3.46\n \n\n $(12.44)\n \n\n (360)%\n \n\n $2.35\n \n\n $(11.33)\n \n\n\n\n Adjusted EBITDA\n \n (a)\n \n\n\n $4,161\n \n\n $4,415\n \n\n $(254)\n \n\n (6)%\n \n\n $4,168\n \n\n $(7)\n \n\n\n\n AFFO\n \n (a)\n \n\n\n $3,040\n \n\n $3,277\n \n\n $(237)\n \n\n (7)%\n \n\n $3,030\n \n\n $10\n \n\n\n\n AFFO per share\n \n (a)\n \n\n\n $6.98\n \n\n $7.55\n \n\n $(0.57)\n \n\n (8)%\n \n\n $6.97\n \n\n $0.01\n \n\n\n\n\n\n (a) See \"\n \n Non-GAAP Measures and Other Information\n \n \" for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis.\n \n\n\n (b) Reflects midpoint of full year 2024 Outlook as issued on October 16, 2024.\n \n\n\n \"Together with our Board of Directors, I am excited to announce that we have concluded the strategic review of our Fiber segment with an agreement to sell our small cells and fiber solutions businesses for $8.5 billion,\" stated Steven Moskowitz, Chief Executive Officer of Crown C...