Crown Castle Announces Deferral of 50 Million Pounds Payment to BT Until March 2003

April 10, 2002 at 6:03 AM EDT
HOUSTON, Apr 10, 2002 /PRNewswire-FirstCall via COMTEX/ -- Crown Castle International Corp. (NYSE: CCI) today announced that its subsidiary, Crown Castle UK Limited, has reached agreement with British Telecommunications plc (BT) to defer until March 2003 payment of 50 million pounds Sterling (approximately $71.5 million) of the 100 million pounds payment due March 2002 under the transaction documentation relating to BT exchange sites in the UK.

"The deferral of the 50 million pounds payment is reflective of the constructive approach both parties are taking to address the delays in the roll-out of 3G services in the UK," said John P. Kelly, CEO of Crown Castle. "We look forward to continuing our work with customers as they co-locate on the attractive portfolio of BT exchange sites."

Crown Castle International Corp. engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers and rooftops as well as analog and digital audio and television broadcast transmission systems. The Company offers near-universal broadcast coverage in the United Kingdom and significant wireless communications coverage to 68 of the top 100 United States markets, to more than 95 percent of the UK population and to more than 92 percent of the Australian population. Crown Castle owns, operates and manages over 15,000 wireless communication towers internationally. For more information on Crown Castle, visit: www.crowncastle.com .

Contacts: W. Benjamin Moreland, CFO
Jay Brown, VP Finance
Crown Castle International
713-570-3000

Ken Dennard / kdennard@easterly.com
Lisa Elliott / lisae@easterly.com
Easterly Investor Relations
713-529-6600

SOURCE Crown Castle International Corp.

CONTACT: W. Benjamin Moreland, CFO, or Jay Brown, VP Finance, both of Crown Castle International Corp., +1-713-570-3000; or Ken Dennard, kdennard@easterly.com , or Lisa Elliott, lisae@easterly.com , both of Easterly Investor Relations, +1-713-529-6600, for Crown Castle International Corp. URL: http://www.crowncastle.com http://www.prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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