Crown Castle announced it will cut 20% of its tower and corporate workforce, equating to approximately 312 jobs, due to Dish Wireless’s contractual default on tower rental payments. This move is part of the company’s restructuring to become a “pure-play” tower company and is expected to save $65 million annually. Crown Castle is also seeking $3.5 billion from Dish Wireless for the defaulted payments.
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Crown Castle to reduce workforce by 20%, blames Dish tower dispute
Crown Castle announced it will cut 20% of its tower and corporate workforce, equating to approximately 312 jobs, due to Dish Wireless’s contractual default on tower rental payments. This move is part of the company’s restructuring to become a “pure-play” tower company and is expected to save $65 million annually. Crown Castle is also seeking $3.5 billion from Dish Wireless for the defaulted payments.