HOUSTON, Dec. 16, 2013 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) today announced certain contractual terms in light of press reports regarding a potential acquisition by Sprint Corporation ("Sprint") of T-Mobile US, Inc. ("T-Mobile"). After giving effect to the recently closed transaction between Crown Castle and AT&T ("AT&T Transaction"), as of September 30, 2013, Sprint and T-Mobile represented approximately 23% and 22%, respectively, of Crown Castle's consolidated site rental revenues. Further, there are approximately 8,000 Crown Castle towers on which both carriers currently reside. Crown Castle's revenue from T-Mobile on these 8,000 towers represents approximately 10% of Crown Castle's consolidated site rental revenues. In addition, there is an average of approximately six years and eight years of current term remaining on all lease agreements with Sprint and T-Mobile, respectively.
CONTACT: Jay Brown, CFO Fiona McKone, VP - Finance Crown Castle International Corp. 713-570-3050