Crown Castle Exploring Sale of Its Australian Subsidiary
"In light of recent unsolicited offers we have received for our interest in CCAL, we have determined that fully exploring the options available to us will ensure the best long-term results for our shareholders," stated
CCAL is the largest independent tower operator in Australia. Crown Castle owns 77.6% of CCAL and has an intercompany loan of approximately
There can be no assurance that the exploration of a potential sale will result in the consummation of any specific action.
Since its establishment in 2000, CCAL has grown to become the largest independent tower operator in
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on
This press release includes discussions of certain non-GAAP financial measures. Tables reconciling these non-GAAP financial measures are available in the Supplemental Information Package in the Investor section of the company's website at www.crowncastle.com.
|Contacts:||Jay Brown, CFO|
|Son Nguyen, VP - Corporate Finance|
|Crown Castle International Corp.|