M&A
confidence high
sentiment negative
materiality 0.85
Crown Castle sells fiber segment for $8.5B, posts FY2024 net loss of $3.9B
CROWN CASTLE INC.
- Agreement to sell small cells and fiber solutions to EQT Active Core Infrastructure and Zayo for $8.5B; becomes pure-play tower company.
- FY2024 net loss $(3,903)M (diluted EPS $(8.98)) vs prior year net income $1,502M; adjusted EBITDA $4,161M (-6% YoY).
- FY2025 guidance: site rental revenues ~$6,358M, adjusted EBITDA ~$4,161M, AFFO ~$2,957M.
- Anticipates new dividend policy; proposes ~$3.0B share repurchase program to increase capital efficiency.
- FY2024 site rental revenues $6,358M (-3% YoY); AFFO per share $6.98 vs $7.55.