Crown Castle International Corp.’s Q4 numbers show another year of growth with solid fourth quarter results. According to Jay Brown, CEO, the positive trends he sees in the market will drive demand for the company’s communications infrastructure assets. “I believe Crown Castle is well positioned to take advantage of those trends and deliver growth and returns for shareholders for years to come,” he said on the firm’s Q4 call.
“Through disciplined capital allocation and execution, we have established an unmatched portfolio of more than 40,000 towers and 65,000 route miles of high capacity fiber in the top U.S. markets, where we see the greatest long-term growth and opportunity.”
On the call, he noted that 2018 was a successful year for Crown Castle and that the company’s strategy of offering towers to small cells and fiber solutions is delivering the results the company expected. “I’m excited about the long runway of growth as 4G investment remains robust and the deployment of 5G infrastructure is just getting started.”
He continued that the company’s “unique strategy of offering towers, small cells and fiber solutions which are all critical components of communication networks that can be shared across multiple customers is delivering the results we expected.”