{
  "url": "https://struct.news/briefs/crown-castles-customer-map-doubles-as-its-landlord-map",
  "title": "Crown Castle’s customer map doubles as its landlord map",
  "summary": "T-Mobile and AT&T are not just Crown Castle’s biggest disclosed customers. They also sit across its tower leases, partnerships, and future purchase options.",
  "published_at": "2026-08-14T23:50:05.944801+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Crown Castle Inc.",
    "ticker": "CCI",
    "cik": null,
    "sector": "Real Estate",
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "T",
      "value": "T",
      "display": "T",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "TMUS",
      "value": "TMUS",
      "display": "TMUS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "TMUS",
      "value": "TMUS",
      "display": "TMUS",
      "unit": "ticker",
      "period": null,
      "detail": "89.0% revenue",
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "T",
      "value": "T",
      "display": "T",
      "unit": "ticker",
      "period": null,
      "detail": "89.0% revenue",
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "TMUS",
      "value": "TMUS",
      "display": "TMUS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "T",
      "value": "T",
      "display": "T",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "TMUS",
      "value": "TMUS",
      "display": "TMUS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    },
    {
      "group": "Crown Castle’s disclosed carrier relationships",
      "label": "T",
      "value": "T",
      "display": "T",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-14"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "Capital expenditures increased $257 million in the six months ended June 30, 2026 vs the comparable 2025 period, primarily for fiber and wireless network infrastructure investments.",
      "importance": "medium",
      "evidence": "Capital expenditures increased $257 million during the six months ended June 30, 2026 compared to the similar period in 2025 primarily due to fiber and wireless network infrastructure investments.",
      "source_date": "2026-07-31"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense rose on higher average debt balances; watch quarterly interest expense and average debt balances for continued margin pressure.",
      "importance": "medium",
      "evidence": "Total interest expense increased during both the three and six months ended June 30, 2026 compared to the similar periods in 2025 primarily due to an increase in interest costs associated with higher average debt balances.",
      "source_date": "2026-07-31"
    },
    {
      "type": "capital_investment",
      "statement": "Net cash used for investing activities was $313M for Q1 2026, up $58M (23%) year-over-year, driven primarily by increased discretionary capital expenditures including land purchases under towers.",
      "importance": "medium",
      "evidence": "Net cash used for investing activities of $313 million for the first three months of 2026 increased by $58 million, or 23%, from the first three months of 2025 primarily as a result of an increase in discretionary capital expenditures related to continuing and discontinued operations.",
      "source_date": "2026-05-07"
    },
    {
      "type": "interest_rates",
      "statement": "Revolving Credit Facility unused interest rate reported at 4.755% (includes sustainability-linked spread reduction); higher blended swap rate and repayment increased weighted-average interest rate.",
      "importance": "medium",
      "evidence": "The higher weighted-average interest rate experienced during the current year period was primarily due to the higher blended rate of the interest rate swap agreements which replaced the previous swap on March 31, 2025 and the impact from the repayment of the 2020-1C Tower Securities on January 9, 2026 using borrowings from the Revolving Credit Facility which accrue interest at a higher rate.",
      "source_date": "2026-05-05"
    }
  ],
  "related_tickers": [
    "ATEX",
    "CCI",
    "SBAC",
    "T",
    "TMUS",
    "UNIT",
    "VZ"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}