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Crown Castle Stock Up 10.5% Year to Date: Will the Trend Continue?
ZACKS· 2025-06-06 13:56
Core Insights - Crown Castle (CCI) shares have increased by 10.5% year to date, outperforming the industry average of 3% [1] - The company is well-positioned to benefit from the anticipated rise in wireless data consumption and ongoing network expansion efforts by service providers [1][3] - Crown Castle's long-term leases and strong tenant base ensure stable revenues, while a solid balance sheet supports future growth [1][5] Financial Performance - On May 22, 2025, CCI announced a quarterly cash dividend of $1.0625 per share, a 32.1% decrease from the previous payout of $1.565 per share [2] - The company reported a 5% consolidated organic growth in the first quarter of 2025, driven by increased demand across its tower business portfolio [4] - As of March 31, 2025, CCI had cash and cash equivalents of $60 million and a net debt to last quarter annualized adjusted EBITDA ratio of 5.9X [8] Market Position and Growth Drivers - The exponential growth in mobile data usage and the deployment of 5G networks are driving significant investments in network infrastructure by carriers [3][4] - Crown Castle's portfolio includes over 40,000 towers in the top 100 trading areas in the U.S., positioning the company to capitalize on the growing demand for wireless services [3] - The company benefits from long-term wireless tenant contracts with initial terms of five to 15 years, providing recurring revenues and embedded growth through contractual escalators [5] Liquidity and Creditworthiness - CCI has $7 billion of undrawn available credit under its senior unsecured revolving credit facility as of March 31, 2025 [9] - The company holds investment-grade credit ratings from major agencies, facilitating access to debt markets on favorable terms [9]
Nokia and Andorix partner to accelerate Private 5G and Edge solutions in North American real estate market 
Globenewswire· 2025-06-02 11:00
Press ReleaseNokia and Andorix partner to accelerate Private 5G and Edge solutions in North American real estate market Private 5G, Neutral Host Network and Edge Application OT solutions enabled by Nokia Digital Automation Cloud (DAC) to enable efficient building operations and improve tenant’s satisfaction. 2 June 2025 Espoo, Finland – Nokia and Andorix, a provider of digital infrastructure and smart building solutions for real estate properties, announced a partnership to accelerate the adoption of priv ...