During the first quarter of 2013, Crown Castle invested approximately $116 million in capital expenditures, comprised of $16 million of land purchases, $7 million of sustaining capital expenditures and $94 million of revenue generating capital expenditures, the latter consisting of $58 million on existing sites and $36 million on the construction of new sites, primarily small cell networks.Further, during the first quarter of 2013, Crown Castle purchased 0.3 million of its common shares using $23.6 million in cash at an average price of $69 per share. Diluted common shares outstanding at March 31, 2013 were 292.9 million. Since January 2003, Crown Castle has spent $2.8 billion to purchase 101.4 million of its common shares and potential shares, at an average price of $27 per share.
Crown Castle International Reports First Quarter 2013 Results; Raises 2013 Outlook
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