Crown Castle International Corp. (NYSE: CCI) is an American corporation headquartered in Houston, Texas, which provides infrastructure for broadcasting and mobile telephony. It operates in the United States, Puerto Rico and Australia. It provides mobile telephone coverage to 92% of the Australian population and 68 of the top 100 markets in the US on behalf of service providers such as 3, AT&T Mobility, Telefónica Europe, Orange, Sprint Nextel, T-Mobile, Verizon, and Vodafone.
On August 31, 2004 Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for $2.035 billion in cash. National Grid Transco plc was renamed as National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.
On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., a rival U.S. tower operator which was based in Sarasota, Florida.
On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile USA. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion dollars. After the deal ends in 2040, Crown Castle maybe able to purchase the towers for an additional $2.4 billion dollars.
Famous quotes containing the words crown and/or castle:
“The hoary head is a crown of glory, if it be found in the way of righteousness.”
—Bible: Hebrew Proverbs, 16:31.
“If, in looking at the lives of princes, courtiers, men of rank and fashion, we must perforce depict them as idle, profligate, and criminal, we must make allowances for the rich men’s failings, and recollect that we, too, were very likely indolent and voluptuous, had we no motive for work, a mortal’s natural taste for pleasure, and the daily temptation of a large income. What could a great peer, with a great castle and park, and a great fortune, do but be splendid and idle?”
—William Makepeace Thackeray (1811–1863)