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Crown Castle Shares Insight

Recently, Crown Castle shared their revenue results from the first quarter. According to their analysts, the total site rental revenue for Q1 was $768M, and total revenue was at a whopping $941M. Most of their $68 million in new site construction came from Verizon’s small cell sites, while AT&T pulled back slightly. CEO Ben Moreland isn’t concerned, as he mentions that the carruier has reduced spending before, only to recover and meet the mobile data demands. If these numbers are any indication of the rest of the year, the wireless industry is in pretty good shape!

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