Pivotal-Point Tracking Crown Castle (CCI): Cell tower operator raises rental revenue forecast to $3.88 billion after Q3 results
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Crown Castle is one of the leading operators of cell towers in the USA. Following the release of its third-quarter results, management raised the full-year forecast for rental revenue to $3.88 billion and the operating cash flow (AFFO) to $1.98 billion. The company leases essential infrastructure to telecommunications providers. Its portfolio includes over 40,000 cell towers, which secure a long-term, predictable rental income base and form the foundation for mobile data growth. The company benefits doubly from the changes in mobile telecommunications....
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