Crown Castle
Crown Castle International Corp. (NYSE: CCI) is an American corporation headquartered in Houston, Texas, which provides infrastructure for broadcasting and mobile telephony.[1] It operates in the United States, Puerto Rico and Australia. It provides mobile telephone coverage to 92% of the Australian population[citation needed] and 68 of the top 100 markets in the US [citation needed] on behalf of service providers such as 3, AT&T Mobility, Telefónica Europe, Orange, Sprint Nextel, T-Mobile, Verizon, and Vodafone.
On August 31, 2004 Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for $2.035 billion in cash[citation needed]. National Grid Transco plc was renamed as National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.
On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., a rival U.S. tower operator which was based in Sarasota, Florida.[2]
On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile USA. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion dollars[citation needed]. After the deal ends in 2040, Crown Castle may be able to purchase the towers for an additional $2.4 billion dollars.
References
- ^ "CCI Profile | Crown Castle International Corp Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 28 September 2012.
- ^ Crown Castle International Corp. - Crown Castle International Completes Acquisition of Global Signal
External links
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