Crown Castle (CCI) Plans Restructuring to Focus on Towers and Boost 5G Growth

Crown Castle Inc. (NYSE:CCI) is on our list of the 10 best 5G stocks to invest in according to analysts. On June 4, Crown Castle Inc. (NYSE:CCI) gave a presentation outlining its strategic goals at the Nareit REITweek: 2025 Investor Conference. At the conference, the company stated its goal to become a pure-play US tower company following a planned divestiture of its fiber and small cell businesses.

Crown Castle (CCI) Plans Restructuring to Focus on Towers and Boost 5G Growth

In addition to attempting to take advantage of the rising demand for wireless data, this action entails a substantial financial reorganization that includes debt reduction and share repurchases. Additionally, the company presented a plan that aims to increase its tower business’s income by 4.5% by 2025. Moreover, Crown Castle Inc. (NYSE:CCI) will spend $3 billion and $6 billion on share buybacks and debt reduction, respectively, following the divestiture.

Crown Castle Inc. (NYSE:CCI) is a major player in the real estate investment trust (REIT) sector, especially when it comes to 5G, with a sizable portfolio that comprises over 40,000 cell towers.

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Disclosure: None.