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  Crown Castle International Corp ( CCI ) |
1997 - 2021 (25 years)

Net Revenue (Sales) is 
$5.9B (1Y +2.24% )

CCI Stock Price & Net Revenue (Sales)

Net Revenue (Sales) for CCI competitors.
RCI CHL AMT TDS VOD
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Net Revenue (Sales)

chevron_right 2021 $3.0B +124x
( +21.3% / year avg)
chevron_left 1997 $23.7M
vertical_align_top Peak $5.8B +245x
vertical_align_bottom Bottom $23.7M
arrow_drop_up # Up Years 20 20 of 25
years up.
arrow_drop_down # Down Years 5
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • CCI's stock price has rallied +2,387% from $6.44 in 1997 , or +0.18x the rate relative to it's net revenue (sales) over the same period.
  • If CCI grows it's stock at the same rate as it's net revenue (sales) (+21.3%/year) , it's stock price will grow +689% and hit $1104.49 over the next 10 years.
  • CCI's stock price has gone up 16 of the 20 years (+80%) it's net revenue (sales) were also up.
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998
    1 Revenue 5840000000 5763000000 5423000000 4355605000 3921225000 3663851000 3689884000 3022384000 2432680000 2032729000 1878658000 1685407000 1526504000 1385486000 788221000 676759000 603865000 930348000 901533000 898951000 649165000 345800000 113100000
    2 Cost of Revenue 1969000000 1986000000 1847000000 1563701000 1440521000 1321426000 1350466000 1046796000 728989000 588385000 581377000 549368000 538575000 509084000 272961000 251985000 230915000 417779000 446199000 467233000 233597000 106800000 29900000
    3 Gross Profit (Income) 3871000000 3777000000 3576000000 2791904000 2480704000 2342425000 2339418000 1975588000 1703691000 1444344000 1297281000 1136039000 987929000 876402000 515260000 424774000 372950000 512569000 455334000 431718000 415568000 239000000 83200000
    4 R&D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3896000.00 1455000.00 5564000.00 7483000.00 12337000.00 10489000.00 5400000.00 4600000.00
    5 SG&A 678000000.00 0.00 563000000.00 426698000.00 371031000.00 310921000.00 282696000.00 238702000.00 212572000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 108651000.00 80071000.00 43800000.00 23600000.00
    6 Other Expenses -5000000.00 1000000.00 1000000.00 1994000.00 -8835000.00 57028000.00 11862000.00 -3872000.00 -5392000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Operating Expenses 1924000000 2186000000 2091000000 1669106000 1479582000 1347099000 1295760000 1012917000 835164000 726444000 706127000 682811000 676028000 748265000 383940000 393702000 399270000 459575000 464778000 474401000 410359000 229200000 83300000
    8 Interest Expense 666000000.00 662000000.00 620000000.00 569769000.00 493689000.00 484168000.00 488809000.00 498926000.00 512481000.00 404644000.00 490269000.00 445882000.00 329284000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    9 D&A 1608000000.00 1572000000.00 1528000000.00 1242408000.00 1108551000.00 1036178000.00 1013064000.00 774215000.00 622592000.00 0.00 0.00 0.00 0.00 561959000.00 285244000.00 281118000.00 283986000.00 324152000.00 301928000.00 328491000.00 319799000.00 180000000.00 55100000.00
    10 EBITDA 3555000000.00 3163000000.00 3013000000.00 2365206000.00 2109673000.00 2031504000.00 2056722000.00 1736886000.00 1491119000.00 1271517000.00 1133526000.00 988380000.00 840444000.00 690096000.00 416564000.00 312190000.00 257666000.00 377146000.00 292484000.00 285808000.00 325008000.00 189800000.00 55000000.00
    11 Operating Income 1947000000.00 1591000000.00 1485000000.00 1122798000.00 1001122000.00 995326000.00 1043658000.00 962671000.00 868527000.00 717900000.00 591154000.00 453228000.00 311901000.00 128137000.00 131320000.00 31072000.00 -26320000.00 52994000.00 -9444000.00 -42683000.00 5209000.00 9800000.00 -100000.00
    12 Other Income Expenses (Net) -184000000.00 -33000000.00 -158000000.00 -80284000.00 -113032000.00 -15000000.00 -145997000.00 -146795000.00 -236451000.00 -134115000.00 -440591000.00 -203282000.00 -137937000.00 -169747000.00 -18681000.00 -293845000.00 -8522000.00 -15608000.00 -72943000.00 -44338000.00 0.00 -7800000.00 -6500000.00
    13 Pre-Income Tax 1076000000.00 881000000.00 690000000.00 470593000.00 373854000.00 473829000.00 388134000.00 292529000.00 100827000.00 179807000.00 -338105000.00 -190523000.00 -153219000.00 -317003000.00 -48373000.00 -390129000.00 -312468000.00 -386418000.00 -262743000.00 -350995000.00 -203045000.00 -94000000.00 -37400000.00
    14 Income Tax Expense 20000000.00 21000000.00 19000000.00 26043000.00 16881000.00 -51457000.00 -10640000.00 198628000.00 -100061000.00 8347000.00 -26846000.00 -76400000.00 -104361000.00 -94039000.00 843000.00 3225000.00 -5370000.00 7518000.00 12276000.00 16478000.00 246000.00 300000.00 400000.00
    15 Net Income 1056000000 860000000 671000000 444550000 356973000 1520992000 390513000 90111000 188584000 171077000 -310940000 -114332000 -48858000 -222813000 -41893000 -401537000 235110000 -398365000 -272521000 -366167000 -204786000 -96700000 -37800000
    16 EPS 2.54 2.07 1.35 1.16 1.05 4.44 1.18 0.30 0.65 0.60 -1.16 -0.47 -0.25 -0.87 -0.30 -2.07 0.89 -2.09 -1.16 -2.08 -1.48 -0.96 -1.02
    17 EPS Diluted 2.54 2.06 1.34 1.16 1.05 4.42 1.17 0.30 0.65 0.60 -1.16 -0.47 -0.25 -0.87 -0.30 -2.07 0.89 -2.09 -1.16 -2.08 -1.48 -0.96 -1.02
    18 Shares Outstanding 423000000.00 416000000.00 413000000.00 381740000.00 340349000.00 333002000.00 332302000.00 298083000.00 289285000.00 283821000.00 286764000.00 286622000.00 282007000.00 279937000.00 207245000.00 217759000.00 221693000.00 216947000.00 218028000.00 214246000.00 178588000.00 131466000.00 42518000.00
    19 Shares Outstanding (Diluted) 425000000.00 418000000.00 415000000.00 383221000.00 340879000.00 334062000.00 333265000.00 299293000.00 291270000.00 285947000.00 286764000.00 286622000.00 282007000.00 279937000.00 207245000.00 217759000.00 221693000.00 216947000.00 218028000.00 214246000.00 178588000.00 131466000.00 42518000.00
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998
    1 Cash & Cash Equivalents 232000000 323000000 277000000 314094000 567599000 178810000 175620000 223394000 441364000 80120000 112531000 766146000 155219000 75245000 592716000 65408000 567148000 462427000 516172000 804602000 453833000 549300000 296500000
    2 Short Term Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 115697000.00 72963000.00 38000000.00 0.00 0.00
    3 Cash & S-T Investments 232000000 323000000 277000000 314094000 567599000 178810000 175620000 223394000 441364000 80120000 112531000 766146000 155219000 75245000 592716000 65408000 567148000 462427000 631869000 877565000 491833000 549300000 296500000
    4 Accounts Receivables 431000000 471000000 501000000 397585000 373532000 313296000 329229000 249925000 192833000 77258000 59912000 57778000 67271000 59395000 44203000 26137000 28366000 82053000 135864000 190860000 173126000 78600000 36400000
    5 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6422000.00 15542000.00 45616000.00 102771000.00 78640000.00 19200000.00 6600000.00
    6 Other Current Assets 202000000.00 148000000.00 148000000.00 138670000.00 130362000.00 225214000.00 94211000.00 77121000.00 73961000.00 0.00 0.00 13955000.00 12200000.00 11049000.00 0.00 0.00 6395000.00 0.00 0.00 0.00 28535000.00 14900000.00 2600000.00
    7 Total Current Assets 1104000000 1249000000 1229000000 1133780000 1324761000 981245000 931502000 892683000 1581324000 599152000 545145000 1196033000 485168000 497255000 800027000 221295000 637314000 641760000 867081000 1216061000 772134000 662000000 342100000
    8 PP&E 21626000000 13410000000 13676000000 12932885000 9805315000 9580057000 9148311000 8947677000 6917531000 4861227000 4893651000 4895983000 5060126000 5051055000 3246446000 3294333000 3369565000 4741945000 4828033000 4844912000 4303037000 2468100000 592600000
    9 Goodwill 10078000000.00 10074000000.00 10078000000.00 10021468000.00 5757676000.00 5513551000.00 5210091000.00 4916426000.00 3119957000.00 2035390000.00 2029296000.00 1984804000.00 1983950000.00 1970501000.00 391448000.00 340412000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    10 Intangible Assets 4433000000.00 5620000000.00 5516000000.00 5961759000.00 3650072000.00 3779915000.00 3715700000.00 4057865000.00 2941696000.00 2178182000.00 116551000.00 103166000.00 2551332000.00 2676288000.00 225295000.00 0.00 333718000.00 1206713000.00 1067041000.00 1051431000.00 1112876000.00 596100000.00 569700000.00
    11 Goodwill & Intangible Assets 14511000000 15694000000 15594000000 15983227000 9407748000 9293466000 8925791000 8974291000 6061653000 4213572000 2145847000 2087970000 4535282000 4646789000 616743000 340412000 333718000 1206713000 1067041000 1051431000 1112876000 596100000 569700000
    12 L-T Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60000000.00 155000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    13 Tax Assets 0.00 0.00 0.00 0.00 0.00 0.00 20914000.00 19008000.00 33914000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Other Non-Current Assets 119000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7555940000.00 0.00 2197378000.00 2568822000.00 149474000.00 293034000.00 342952000.00 275277000.00 230925000.00 147173000.00 130446000.00 263054000.00 251794000.00 110500000.00 18800000.00
    15 Total Non-Current Assets 37664000000 31372000000 31556000000 31095790000 21350331000 21055000000 20211774000 19702225000 14507385000 9945944000 9924384000 9760573000 9876554000 9990878000 4206141000 3910022000 3934208000 6095831000 6025520000 6159397000 5667707000 3174700000 1181100000
    16 Other Assets 12356000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    17 Total Assets 38768000000 32621000000 32785000000 32229570000 22675092000 22036245000 21143276000 20594908000 16088709000 10545096000 10469529000 10956606000 10361722000 10488133000 5006168000 4131317000 4571522000 6737591000 6892601000 7375458000 6439841000 3836700000 1523200000
    18 Accounts Payables 230000000.00 302000000.00 313000000.00 248817000.00 188516000.00 159629000.00 167662000.00 145390000.00 115999000.00 32055000.00 39649000.00 33053000.00 33808000.00 37366000.00 18545000.00 12230000.00 12323000.00 40749000.00 63852000.00 104149000.00 100766000.00 46000000.00 46000000.00
    19 S-T Debt 129000000.00 100000000.00 107000000.00 115251000.00 101749000.00 106219000.00 113335000.00 103586000.00 688056000.00 32517000.00 28687000.00 217196000.00 466217000.00 81500000.00 0.00 295000000.00 97250000.00 267142000.00 14250000.00 29086000.00 0.00 0.00 0.00
    20 Income Tax Payables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    21 Deferred Revenue 704000000.00 568000000.00 498000000.00 457116000.00 353005000.00 322623000.00 348338000.00 260114000.00 241127000.00 167238000.00 202123000.00 179649000.00 174213000.00 144760000.00 102701000.00 132472000.00 116739000.00 267459000.00 208195000.00 0.00 0.00 0.00 0.00
    22 Other Current Liabilities 706000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 278218000.00 224110000.00 85300000.00 46900000.00
    23 Total Current Liabilities 1969000000 1388000000 1417000000 1292082000 961355000 855369000 898935000 756387000 1237858000 402106000 440885000 754105000 834358000 371987000 200795000 464214000 285065000 643530000 360769000 411453000 324876000 131300000 92900000
    24 L-T Debt 19151000000 16313000000 16575000000 16044369000 12069393000 12143019000 11807526000 11490914000 10923186000 6853182000 6750207000 6361954000 5630527000 5987695000 3513890000 1975686000 1753148000 3182850000 3212710000 3394011000 2602687000 1542300000 429700000
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998
    1 Net Income (Earnings) 1056000000 860000000 671000000 444550000 356973000 1520992000 390513000 90111000 188584000 171077000 -310940000 -114332000 -48858000 -222813000 -41893000 -401537000 235110000 -398365000 -272521000 -366167000 -204786000 -96700000 -37800000
    2 D&A 1608000000.00 1572000000.00 1528000000.00 1242408000.00 1108551000.00 1036178000.00 1013064000.00 774215000.00 622592000.00 0.00 0.00 0.00 0.00 560553000.00 293844000.00 287864000.00 293498000.00 397592000.00 396495000.00 420244000.00 319799000.00 180000000.00 55100000.00
    3 Deferred Income Tax 3000000.00 2000000.00 2000000.00 14888000.00 8603000.00 -60618000.00 -25579000.00 180275000.00 -110374000.00 4626000.00 -26196000.00 -74410000.00 -113557000.00 -98914000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    4 Stock-Based Compensation (SBC) 138000000.00 117000000.00 103000000.00 91647000.00 79338000.00 60773000.00 51497000.00 39030000.00 41944000.00 32610000.00 36540000.00 29225000.00 25896000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    5 Change in Working Capital -726000000.00 49000000.00 -29698000.00 -521708000.00 237530000.00 93309000.00 -103729000.00 -207170000.00 146420000.00 92786000.00 -337668000.00 791118000.00 -474458000.00 -473964000.00 842151000.00 -595168000.00 354019000.00 -508082000.00 -298296000.00 357350000.00 -83442000.00 281500000.00 194000000.00
    6 Accounts Receivables 166000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -15021000.00 -8543000.00 4457000.00 46222000.00 -88681000.00 -89110000.00 -36800000.00 -4400000.00
    8 Accounts Payables -77000000.00 19000000.00 37000000.00 -34067000.00 10600000.00 -5287000.00 10329000.00 28665000.00 34543000.00 -7497000.00 1702000.00 -1703000.00 -2564000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    9 Other Working Capital -865000000.00 -139000000.00 -188000000.00 -158302000.00 363406000.00 125876000.00 32567000.00 136296000.00 343466000.00 197046000.00 104260000.00 441928000.00 -349190000.00 125268000.00 599232000.00 -242919000.00 352249000.00 -1770000.00 506312000.00 804608000.00 447258000.00 530700000.00 249200000.00
    10 Other Non-Cash Items 11000000.00 -1000000.00 9000000.00 7720000.00 16784000.00 28211000.00 55056000.00 102219000.00 109962000.00 26407000.00 14544000.00 20058000.00 15143000.00 169392000.00 30163000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100000.00
    11 Net Cash Provided by Operating Activities 3055000000.00 2698000000.00 2502000000.00 2044186000.00 1782264000.00 1796725000.00 1666130000.00 1237656000.00 772557000.00 643454000.00 603430000.00 571256000.00 513001000.00 350355000.00 281416000.00 208542000.00 112084000.00 260039000.00 208932000.00 131930000.00 165495000.00 92600000.00 45000000.00
    12 Investments in PP&E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -300005000.00 -428431000.00 -64678000.00 -43346000.00 -118912000.00 -277262000.00 -683102000.00 -636506000.00 -1502300000.00 -149200000.00
    13 Acquisitions (Net) -107000000.00 -17000000.00 -42000000.00 -9260000000.00 -557000000.00 -1102000000.00 -462000000.00 -4932000000.00 -3759000000.00 -38000000.00 -139000000.00 -3000000.00 -28000000.00 -494000000.00 0.00 -147000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Purchase of Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -26825000.00 0.00 0.00 -755000.00 -6350000.00 0.00 -490900000.00 -56063000.00 -194697000.00 -337463000.00 -175000000.00 0.00 0.00
    15 Sales/Maturities of Investments 0.00 0.00 0.00 0.00 8141000.00 54475000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3664000.00 0.00 0.00 517500000.00 171760000.00 280463000.00 311000000.00 0.00 0.00 0.00
    16 Other Investing Activities -10000000.00 -7000000.00 -12000000.00 -5487000.00 12364000.00 -3138000.00 3477000.00 7276000.00 1262000.00 -14372000.00 0.00 0.00 0.00 0.00 0.00 -55034000.00 -11119000.00 -13308000.00 -11293000.00 -29920000.00 -2499000.00 -6800000.00 0.00
    17 Net Cash used for Investing Activities -1741000000.00 -2081000000.00 -1795000000.00 -10494021000.00 -1410232000.00 -1959734000.00 -1242905000.00 -5520969000.00 -4199596000.00 -399865000.00 -390949000.00 -172145000.00 -476613000.00 -791448000.00 -432499000.00 -264140000.00 -319628000.00 -8876000.00 -176917000.00 -895136000.00 -1957687000.00 -1509100000.00 -149200000.00
    18 Debt Repayment -5260000000.00 -2758000000.00 -4176000000.00 -1958880000.00 -8705621000.00 -2532203000.00 -1651325000.00 -2719324000.00 -2310527000.00 -224345000.00 -3567710000.00 -2417619000.00 -6782000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    19 Common Stock Issued 0.00 0.00 841000000.00 4221329000.00 1325865000.00 0.00 0.00 2980586000.00 258000.00 1557000.00 18731000.00 45049000.00 8444000.00 31176000.00 45540000.00 59054000.00 32094000.00 7992000.00 1032000.00 374641000.00 743290000.00 805800000.00 339900000.00
    20 Common Stock Repurchased -76000000.00 -44000000.00 -34000000.00 -23307000.00 -24936000.00 -29657000.00 -21872000.00 -99458000.00 -36043000.00 -318416000.00 -159639000.00 -3003000.00 -44685000.00 -729811000.00 -518028000.00 -514889000.00 -59364000.00 -343734000.00 -333445000.00 0.00 0.00 0.00 -900000.00
    21 Dividends Paid -2190000000.00 -2025000000.00 -1895000000.00 -1538640000.00 -1283146000.00 -1160432000.00 -668651000.00 0.00 -2481000.00 -19487000.00 -19879000.00 -19878000.00 -19878000.00 -19879000.00 -19877000.00 -21624000.00 0.00 0.00 0.00 0.00 0.00 -1200000.00 0.00
    22 Other Financing Activities -38000000.00 -24000000.00 -31000000.00 -25432000.00 -49464000.00 -3184000.00 14111000.00 355981000.00 -367404000.00 1979000.00 -745127000.00 -166501000.00 16218000.00 -79393000.00 -71028000.00 -134539000.00 -444000.00 -29534000.00 -2673000.00 -12161000.00 -47219000.00 -28400000.00 -3000000.00
    23 Net Cash Used Provided by Financing Activities -1271000000 -692000000 -733000000 8195152000 -96292000 -935476000 -462987000 4063133000 3786803000 -275712000 -866624000 214396000 47717000 -77782000 678914000 -445220000 -1686422000 -313662000 -335086000 1109309000 1707091000 1670400000 345200000
    24 Net Change in Cash 43000000.00 -75000000.00 -27000000.00 -253505000.00 388789000.00 3190000.00 -47774000.00 -217970000.00 361244000.00 -32411000.00 -653615000.00 610927000.00 79974000.00 -517471000.00 527308000.00 -501299000.00 -1892788000.00 -53745000.00 -288430000.00 350769000.00 -95495000.00 252800000.00 0.00
  • About
    Industry: REIT Specialty
    Sector: Real Estate
    Country: US
    IPO Date: 4/25/2001
    Stonk Exchange: NYSE
    • Crown Castle International Corp.
    • is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts.
    • The company is headquartered in Houston, Texas and currently employs 5,000 full-time employees.
    • The firm's segments include towers and small cells.
    • As of December 31, 2016, it had approximately 40,000 towers and other structures, such as rooftops (collectively towers) and approximately 26,500 route miles of fiber (collectively small cells, and together with towers, wireless infrastructure).
    • The towers segment provides access, including space or capacity to its towers, which are geographically dispersed throughout the United States.
    • The towers segment also reflects certain network services relating to its towers.
    • As of December 31, 2016, the small cells segment provided access, including space or capacity, to the Company's approximately 17,000 route miles of fiber primarily supporting small cell networks.
    • The small cells segment also offers fiber-based solutions.