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Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:05 EDTCCICrown Castle reports Q4 EPS with loss (7c), may not compare to consensus 14c
Reports Q4 revenue $674.1M, consensus $629.94M. EPS includes loss on retirement of debt.
News For CCI From The Last 14 Days
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November 19, 2014
16:10 EDTCCICrown Castle stockholders approve subsidiary merger
Crown Castle International announced that its stockholders voted to adopt the previously announced merger agreement with its wholly owned subsidiary, Crown Castle REIT. As previously disclosed, Crown Castle commenced operating as a real estate investment trust for U.S. federal income tax purposes effective January 1 and proposes to complete the merger to ensure the effective adoption of certain charter provisions that implement REIT-related ownership limitations and transfer restrictions related to its capital stock. The merger is expected to close no later than December 31.
13:10 EDTCCIDISH, Globalstar climb as wireless spectrum bids reportedly jump
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07:19 EDTCCISpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
November 18, 2014
06:13 EDTCCICrown Castle to host special shareholder meeting
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