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Crown Castle Seeks Part of Court-Ordered FM Sale Proceeds

Crown Castle took notice of a court ordered sale of three FMs owned by Ed Stolz’s Royce International Broadcasting. Crown Castle owns the tower used by Royce’s KFRH (FM), Las Vegas. Crown Castle says Stolz owes more than $700,000 in back tower rental payments. The towerco told a federal court it hasn’t been paid for that tower since May 2015, according to Inside Radio. In a filing in U.S. District Court in Los Angeles, Crown...

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Crown Castle and Verizon Expand Small Cell Commitment

Crown Castle International Corp. (NYSE: CCI) said Wednesday it signed a new long-term agreement with Verizon to support Verizon’s 5G Ultra Wideband and 5G Nationwide deployment. Specifically, Verizon has committed to lease 15,000 new small cells from Crown Castle over the next four years. Once installed, the small cell leases will have an initial term of 10 years. “Verizon has led the industry in 5G deployment and has been at the...

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DISH Signs Long-Term, Undisclosed Agreement With Crown

With yesterday’s joint announcement of a long-term lease agreement by DISH and Crown Castle (CCI), analysts are viewing it as a plus not just for the participants, but the tower industry in general. DISH will lease space on up to 20,000 towers from CCI nationwide and, in turn, receive fiber transport services with the option to utilize Crown Castle for pre-construction services. No specific financial terms were given but in...

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Agitated Crown Investor Has More Some Questions

UPDATE Elliott Associates, the billion dollar investor in Crown Castle (CCI) who recently sent a disgruntled letter to the company on July 6, about various strategies, followed up on their missive yesterday. The full letter released Monday can be seen here. “Since releasing our letter and presentation on July 6th, we have had the opportunity to exchange views with many shareholders, prospective shareholders and equity research...