Profile: Crown Castle International Corp (CCI.N)
3 Dec 2013
Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). In April 2012, it acquired NextG Networks, Inc.
The Company's wireless infrastructure can accommodate multiple customers (co-location) for antennas and other equipment necessary for the transmission of signals for wireless communication devices. Its operations are located in the United States and Australia. The Company conducts its operations principally through subsidiaries of Crown Castle Operating Company (CCOC), including certain subsidiaries which operate its wireless infrastructure portfolios in the United States and a 77.6% owned subsidiary that operates its Australia tower portfolio. As of December 31, 2011, the Company owned, leased or managed approximately 23,800 towers, approximately 800 DAS antenna locations (nodes), primarily located outdoors, and approximately 150 third party land interests. The Company has approximately 22,200 towers in the United States, including Puerto Rico (U.S.), and approximately 1,600 towers in Australia.
The core business of CCUSA is the renting of space on its wireless infrastructure. The Company predominately rent space to wireless carriers under long-term contracts for their antennas, which transmit a variety of signals related to wireless voice and data. It generally receive monthly rental payments from tenants, payable under long-term contracts. It has existing master lease agreements with most wireless carriers, including Verizon Wireless, AT&T, Sprint and T-Mobile; such agreements provide certain terms (including economic terms) that govern contracts on its towers entered into by such carriers during the term of their master lease agreements.
The Company offers wireless communication companies and their agents certain network services relating to its wireless infrastructure. For 2011, 69% of network services and other revenues related to antenna installations and subsequent augmentation (collectively, installation services), and the remainder related to the additional site development services relating to existing and new antenna installations on its wireless infrastructure, site acquisition, architectural and engineering, zoning and permitting, fiber installations, other construction and other services related to network development.
The Company competes with American Tower Corporation and SBA Communications Corporation.
The Company’s primary business in Australia is the renting of antenna space on towers to its customers. CCAL is owned 77.6% by the Company. CCAL is an independent tower operator in Australia. As of December 31, 2011, CCAL had approximately 1,600 towers with 58% of such towers located in seven major metropolitan areas. CCAL also provides a range of services including site maintenance and property management services for towers owned by third parties. CCAL's principal customers are Telstra, Optus and VHA. During the year ended December 31, 2011, the Australian government entered into agreements with carriers to develop and roll out the National Broadband Network (NBN). NBN is a national high-speed open-access data network under development targeting nearly all Australian premises.
The Company competes with Broadcast Australia, Telstra and Optus.
Crown Castle International Corp
Suite 500, 1220 Augusta Drive
HOUSTON TX 77057-2261