Core Insights - Crown Castle Inc. is undergoing a significant transformation by planning to divest its fiber and small cell businesses, which is expected to impact its operational structure and financial performance [1][3]. Financial Performance - For Q4 2025, Crown Castle reported an EPS of $0.67, exceeding estimates by $0.12, and revenue of $1.07 billion, slightly above expectations [1]. - For the full year 2025, site rental revenue reached $4.05 billion, adjusted EBITDA was $2.86 billion, and adjusted funds from operations (AFFO) totaled $1.90 billion, all surpassing guidance [2]. Operational Changes - The company is reducing its workforce by approximately 20% in preparation for the sale of its fiber business, with expected annual savings of about $65 million from layoffs and other cost-cutting measures [1]. - Despite anticipated pressure in 2026 from DISH terminations and Sprint cancellations, AFFO is projected to increase due to lower interest costs and cost-cutting initiatives [3]. Future Outlook - Crown Castle plans to maintain its annual dividend at $4.25, repurchase $1 billion in shares, and reduce debt by $7 billion, viewing 2026 as a growth trough with expectations for improved performance in 2027 and beyond [3]. - The company operates over 40,000 cell towers and more than 85,000 route miles of fiber, facilitating mobile connectivity for carriers, including support for 5G technologies [4].