ITEM 7.01-REGULATION FD DISCLOSURE
On
•The 12-year Agreement includes contracted new tower leasing activity and a base
escalator that is consistent with historical levels for
•The Agreement also includes a contractual commitment by T-Mobile for 35,000 new
small cell nodes, including specific commitments in each of the next five years
to enter into contracts associated with identified small cell locations. The
majority of the committed small cell nodes are expected to be collocated on
existing
•Crown Castle anticipates the T-Mobile and Sprint network consolidation
contemplated in the Agreement will result in tower non-renewals in 2025 which
are expected to reduce site rental revenues by approximately
•Crown Castle also anticipates the T-Mobile and Sprint network consolidation
will result in small cell non-renewals which are expected to reduce site rental
revenues by approximately
•Crown Castle's long-term annual growth target for its common stock dividend remains 7% to 8%. Due to the network consolidation non-renewals in 2025 mentioned above, the Company expects its dividend growth in 2025 to be below its long-term annual target.
The
ITEM 9.01-FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits Exhibit Index Exhibit No. Description 99.1 Press Release datedJanuary 6, 2022 Cover Page Interactive Data File - the cover page XBRL tags are embedded 104 within the Inline XBRL document
The information in Item 7.01 of this Current Report on Form 8-K ("Form 8-K") and Exhibit 99.1 attached hereto are furnished as part of this Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Language Regarding Forward Looking Statements
This Form 8-K, including Exhibit 99.1 furnished herewith, contain
forward-looking statements that are based on management's current expectations.
Such statements include plans, projections, expectations and estimates regarding
(1) the Agreement, including any benefits to be derived therefrom, (2) site
rental revenues and the impacts thereon from the Agreement, (3) T-Mobile and
Sprint network consolidation and the impacts thereof, including tower and small
cell non-renewals, (4) collocation on existing
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