UPDATE 1-Crown Castle posts Q2 loss, narrows FY09 loss view

* Q2 loss $0.41/shr vs profit $0.19/shr last year

* Q2 rev up 8 pct to $409.9 mln

July 29 (Reuters) - Wireless tower operator Crown Castle International Corp (CCI.N) posted a quarterly loss, partly due to charges related to the early redemption of debt, and narrowed its loss forecast for the full year.

Crown Central forecast a full-year loss of 28 cents to 60 cents a share. It previously expected a loss of 36 cents to 78 cents a share.

The company sees full-year site rental revenue of $1.52 billion to $1.53 billion. Its prior view was for site rental revenue of $1.50 billion to $1.52 billion.

For the second quarter, the company reported a net loss attributable to stockholders after deduction of dividends on preferred stock of $116.6 million, or 41 cents a share, compared with a profit of $55.1 million, or 19 cents a share, last year.

The company, which owns, operates and manages wireless communications sites and broadcast transmission networks, said the latest quarter included $98.7 million of losses on purchases and early redemptions of debt, and $59.5 million of unrealized losses on interest rate swaps.

Crown Castle, which counts Sprint Nextel (S.N), AT&T (T.N) and Verizon Wireless among its customers, said revenue rose 8 percent $409.9 million.

Analysts on average were expecting loss of 49 cents a share, before special items, on revenue of $405.2 million, according to Reuters Estimates.

For the third quarter, the company forecast a loss of 11 cents a share to a profit of 4 cents a share.

Shares of the company closed at $27.06 Wednesday on New York Stock Exchange. (Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Anne Pallivathuckal)