Crown Castle (NYSE:CCI) is re-strategizing its business by divesting its fiber and small cell operations to focus solely on its core tower assets. This move, accompanied by significant workforce reductions and debt cutting goals, aims to reshape the company’s financial and operational profile. While aiming for debt reduction and a leaner model, Crown Castle also plans to maintain its dividend payouts and share buybacks, signaling a delicate balance of capital allocation priorities for its shareholders.
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Crown Castle Refocuses On Towers While Balancing Debt Cuts And Payouts
Crown Castle (NYSE:CCI) is re-strategizing its business by divesting its fiber and small cell operations to focus solely on its core tower assets. This move, accompanied by significant workforce reductions and debt cutting goals, aims to reshape the company’s financial and operational profile. While aiming for debt reduction and a leaner model, Crown Castle also plans to maintain its dividend payouts and share buybacks, signaling a delicate balance of capital allocation priorities for its shareholders.