HOUSTON, and WARWICK, England, Feb. 23 /PRNewswire/ --
Crown Castle International Corp. (Nasdaq: TWRS) today announced that its
subsidiary, Crown Castle UK Limited, has signed an initial agreement with BT
Cellnet whereby BT Cellnet will lease space on a minimum of 1,500 Crown Castle
sites throughout the United Kingdom for their 3G rollout over the next three
years.
The sites selected by BT Cellnet include a significant number on existing
BT exchanges, which were part of the REACH agreement signed between Crown
Castle and BT Wholesale in 2000. These BT sites are located in major
metropolitan areas and have direct access to BT's wholesale fiber network,
providing wireless operators with a premier platform for deploying 3G
services. Work on surveying and designing the first 500 of the selected sites
is well underway in anticipation of this major deal.
Ted B. Miller, Jr., Chairman and CEO of Crown Castle International Corp.,
stated, "The BT Cellnet agreement is significant for us because it reinforces
our position as a leading provider of 3G infrastructure. We look forward to
building on this relationship as we continue to meet the needs of technically
challenging 3G infrastructure requirements. Always mindful of the possible
impact on the environment and local communities, we are building the sites
with capacity to minimize the number of towers required."
Crown Castle International Corp. engineers, deploys, owns and operates
technologically advanced, shared wireless infrastructure. The Company offers
near-universal broadcast coverage in the United Kingdom and significant
wireless communications coverage to 68 of the top 100 US markets, more than
95 percent of the UK population and more than 92 percent of the Australian
population. Pro forma for all closed and previously announced transactions,
Crown Castle International owns, operates, and manages over 13,000 wireless
communication towers internationally. For more information on Crown Castle
International, visit: www.crowncastle.com.
This press release contains forward-looking statements and information
that are based on the belief of, as well as assumptions made by and
information currently available to, management of Crown Castle International
Corp. ("CCIC"). Although CCIC believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to have been correct. Such statements are
subject to certain risks, uncertainties and assumptions including risk and
uncertainties relating to revenues from and timing of deployment by 3G
operators and other wireless carriers. Should one or more of the risks
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those expected. More information about potential
factors, which could affect CCIC's financial results, is included in the Risk
Factors sections of CCIC's filings with the Securities and Exchange Commission
and in previous press releases issued by CCIC.
Contacts: W. Benjamin Moreland, CFO
Crown Castle International
713-570-3000
Ken Dennard, Easterly I.R.
kdennard@easterly.com
713-529-6600
SOURCE Crown Castle International Corp.
CONTACT: W. Benjamin Moreland, CFO of Crown Castle International Corp.,
713-570-3000; or Ken Dennard of Easterly I.R., 713-529-6600, or
kdennard@easterly.com, for Crown Castle International Corp./
