Sprint & Clearwire Make Up 26 Percent of its Tower Revenue
HOUSTON -- Crown Castle International Corp. (NYSE:CCI) today announced certain contractual terms in light of Sprint's announcement to acquire 100% ownership of Clearwire. Sprint and Clearwire represent approximately 23% and 3%, respectively, of Crown Castle's annualized consolidated site rental revenues. Further, there are approximately 2,700 Crown Castle towers on which both carriers currently reside. In addition, there is an average of approximately nine years and four years of current term remaining on all lease agreements with Sprint and Clearwire, respectively.
Sprint Corp. (NYSE: S)