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1/21/2013 2:14:04 PM
Crown Castle International Inc. ( CCI ) is set to release its fourth-quarter 2012 results after the market closes on Wednesday, January 23.
In the last quarter, it delivered a break-even earnings
surprise. Out of the last three quarters, the company twice
reported break-even earnings surprises. Let's see how things are
shaping up prior to the announcement.
Higher usage of smartphones and tablets has forced the four major carriers in the U.S. to continuously upgrade their LTE networks. Consequently, this may help Crown Castle to bolster its top-line growth in the fourth quarter.
Moreover, the completion of the tower agreement with T-Mobile USA will further boost Crown Castle's growth opportunity as they have gained access to 7,200 wireless towers of T-Mobile USA for a weighted average term of nearly 28 years.
Despite such strong fundamentals, Crown Castle has a highly
leveraged balance sheet, which may act as a headwind for the
company going forward. Additionally, a continuous change in
technology and higher customer concentration may together exert
further pressure on the company's profitability.
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