Crown Castle upgraded on growing telco capex

Contract with T-Mobile US for small cells will add $250M to 2022 revenue

“As we start 2022, we expect elevated levels of tower leasing to continue this year and anticipate leading the industry once again with the highest U.S. tower revenue growth,” said CEO Jay Brown on the company’s earnings call Thursday. Raymond James analyst Ric Prentiss upgraded the company Friday...

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