Reported about 14 hours ago
Crown Castle has raised its annual site rental revenue forecast for the second time due to sustained demand for wireless infrastructure services. The company, which leases tower infrastructure to major U.S. wireless carriers, now estimates an annual revenue range of $4.01 billion to $4.05 billion, up from an earlier prediction. With the growing 5G network demands and about 40,000 cellular towers, Crown Castle aims to expand its business while analysts anticipate improvement in earnings growth for real estate investment trusts into 2026.
Source: YAHOO