Form 10-Q · Quarterly report
Crown Castle 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001051470
- Accession no.
- 0001051470-26-000090
Summary
Crown Castle completed the sale of its fiber solutions business to Zayo Group Holdings and its small cells business to the EQT Active Core Infrastructure fund on May 1, 2026, receiving $8.4 billion in net cash proceeds. The company now operates as a single reportable segment of roughly 40,000 towers, with about 93% of site rental revenues for the first nine months of 2026 coming from T-Mobile, AT&T and Verizon Wireless.
Key points
- Crown Castle received $8.4 billion in aggregate net cash proceeds from the sale of its fiber and small cells businesses, representing an $8.5 billion gross contractual purchase price less $124 million of preliminary purchase price adjustments.
- For the nine months ended September 30, 2026, approximately 93% of Crown Castle's site rental revenues came from T-Mobile, AT&T and Verizon Wireless.
- Tenant contracts had a weighted-average remaining term of about five years as of September 30, 2026, representing roughly $24.7 billion of expected future cash inflows, excluding amounts due under agreements with DISH Wireless.
- Site rental revenues were 97% of third quarter 2026 consolidated net revenues, and Crown Castle reported a $625 million loss from disposal of discontinued operations for the nine months ended September 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2.MANAGEMENT'S DISCUSSION Overview We own, operate and lease approximately 40,000 towers, including the associated land underneath, and other structures, such as rooftops (collectively, "towers") that are geographically dispersed throughout the U.S. The customers on our towers are referred to herein as "tenants." We provide access, including space or capacity, to our towers via long-term contracts in various forms, including lease, license, sublease and service agreements (collectively, "tenant contracts"). Site rental revenues represented 97% of our third quarter 2026 consolidated net revenues. …
An excerpt of the text as filed with the SEC, cut for length.
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