Recent from talks
Crown Castle
Knowledge base stats:
Talk channels stats:
Members stats:
Crown Castle
Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Operating with 100 offices worldwide, its network includes over 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber systems.
Crown Communications was founded in 1980 by Robert and Barbara Crown, natives of the Pittsburgh suburb of Green Tree. Crown Communications built, sited, owned and maintained cell towers across the United States; within Pittsburgh and its surrounding region, the company had a near monopoly on cell towers.
Castle Tower was founded in 1994, starting with 133 Houston-area towers, and initially backed by two private investment firms. Among its first operational purchases was the transmission sites of the BBC, where Castle and French communications firm TDF Group outbid NTL Incorporated.
In 1997, Crown Communications merged with Houston's Castle Tower Corporation to form Crown Castle International. The terms of the merger stipulated that Castle would buy out Crown Communications, though the name of the company would be changed to Crown Castle and that the company would continue to operate with a strong presence in the Pittsburgh area. The merger of the two firms, completed in January 1998, more than doubled the assets of the now-merged Crown Castle.
On August 31, 2004, Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for over $2 billion. National Grid Transco plc was renamed to National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.
On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., another U.S. tower operator which was based in Sarasota, Florida.
On December 11, 2011, Crown Castle announced an agreement to purchase NextG Networks, Inc. for nearly $1 billion. NextG had over 7,000 distributed antenna system nodes on-air at the time of the agreement with another 1,500 nodes under construction as well as rights to more than 4,600 miles of fiber optic cables.
On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile US. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion. After the deal ends in 2040, Crown Castle will have an opportunity to purchase the towers for an additional $2.4 billion. Similarly, on October 20, 2013, Crown Castle entered a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years in exchange for $4.85 billion. Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion. 600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 a month per site to access the towers with rent rising approximately 2% per year.
Hub AI
Crown Castle AI simulator
(@Crown Castle_simulator)
Crown Castle
Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Operating with 100 offices worldwide, its network includes over 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber systems.
Crown Communications was founded in 1980 by Robert and Barbara Crown, natives of the Pittsburgh suburb of Green Tree. Crown Communications built, sited, owned and maintained cell towers across the United States; within Pittsburgh and its surrounding region, the company had a near monopoly on cell towers.
Castle Tower was founded in 1994, starting with 133 Houston-area towers, and initially backed by two private investment firms. Among its first operational purchases was the transmission sites of the BBC, where Castle and French communications firm TDF Group outbid NTL Incorporated.
In 1997, Crown Communications merged with Houston's Castle Tower Corporation to form Crown Castle International. The terms of the merger stipulated that Castle would buy out Crown Communications, though the name of the company would be changed to Crown Castle and that the company would continue to operate with a strong presence in the Pittsburgh area. The merger of the two firms, completed in January 1998, more than doubled the assets of the now-merged Crown Castle.
On August 31, 2004, Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for over $2 billion. National Grid Transco plc was renamed to National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.
On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., another U.S. tower operator which was based in Sarasota, Florida.
On December 11, 2011, Crown Castle announced an agreement to purchase NextG Networks, Inc. for nearly $1 billion. NextG had over 7,000 distributed antenna system nodes on-air at the time of the agreement with another 1,500 nodes under construction as well as rights to more than 4,600 miles of fiber optic cables.
On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile US. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion. After the deal ends in 2040, Crown Castle will have an opportunity to purchase the towers for an additional $2.4 billion. Similarly, on October 20, 2013, Crown Castle entered a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years in exchange for $4.85 billion. Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion. 600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 a month per site to access the towers with rent rising approximately 2% per year.
Recent media