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5G Wireless Networks to Fuel Crown Castle’s Future Growth

Andrew Brunton
5G Wireless Networks to Fuel Crown Castle’s Future Growth

Crown Castle (CCI) expects its site rental revenue to rise 31%–32% YoY (year-over-year) to $1.172 billion–$1.182 billion in the third quarter, and 27%–28% YoY to $4.673 billion–$4.703 billion in fiscal 2018. The company expects accelerated 5G (fifth-generation) deployment by domestic wireless network carriers and the mobile industry’s continuous evolution to drive demand for communication sites.