Crown Castle Inc（CCI）资讯与事件CCICrown Castle Inc

SpaceX Plans Starlink Mobile, Telecom Stocks Drop

Shares of telecom stocks are trading lower after SpaceXoutlined plans to compete with the largest U.S. mobile carriers with its own Starlink Mobile service. During the company's earnings call, President and COO Gwynne Shotwell said she expects SpaceX to win customers from AT&T, Verizon, and T-Mobile, arguing the company's service will be stronger.EARNINGS:SpaceX reported its first quarterly results as a public company, showing its AI business growing rapidly and swinging to an adjusted profit. However, the company also disclosed nearly $16B in AI infrastructure spending for the quarter – more than six times the segment's revenue – sending the stock down as much as 10% in early Wednesday trading.PLANS TO COMPETE WITH CARRIERS:During its earnings call, the company detailed plans to compete with the largest U.S. mobile carriers. COO Gwynne Shotwell said, "I anticipate us being able to acquire quite a few of their customers, because I think our service will be better," adding that she's "quite excited about Starlink Mobile going forward.""We definitely intend to build out the terrestrial component," Shotwell said. "So, you will have not only the capacity from the satellites themselves, but you will have a build-out of the hardware and systems necessary to make a true mobile service.""We will eliminate dead zones, leveraging the – basically the satellites in orbit, it will be better during any sort of natural disaster because surprisingly, even though space movies make space look super dangerous, is a pretty quiescent environment."Bernstein analyst Laurent Yoon said the key takeaway wasn't that Starlink is suddenly becoming a direct threat to broadband and wireless incumbents, but rather that SpaceX is still investing toward that outcome, and that the debate could hang over the sector for years, not quarters.PRICE ACTION:In morning trading, shares of T-Mobile and Verizon dropped about 2.5%, AT&T slid about 2%, while Crown Castleand American Towerplunged roughly 8% and 6%, respectively.

Crown Castle Sees FY26 Adjusted EBITDA of $2.67B-$2.72B

Backs FY26 adjusted EBITDA view $2.67B-$2.72B. "In the second quarter we delivered solid results and closed the sale of our Fiber and Small Cell businesses for $8.4 billion of net proceeds," stated Sunit Patel, Crown Castle's Chief Financial Officer. "Consistent with our capital allocation framework and investment grade balance sheet, following the close of the sale transaction we completed $1 billion of share repurchases and repaid more than $7 billion of debt. We ended the second quarter with a strong balance sheet including 100% fixed rate debt, a weighted average debt maturity of approximately 7 years, and approximately $4.5 billion of availability under our revolving credit facility."

Crown Castle Q2 Revenue $967M, Below Consensus

Reports Q2 revenue $967M, consensus $992.89M. "We delivered a solid second quarter, positioning us to increase our full year 2026 guide for AFFO," said Chris Hillabrant, Crown Castle's President and Chief Executive Officer. "On May 1st, we successfully completed a significant milestone in the transformation of our business by concluding the sale of our Fiber and Small Cell businesses. We continue to focus on becoming a best-in-class US tower operator by driving operating efficiencies, increasing land ownership under our towers, modernizing our systems, and improving customer experience. With a clear pure-play US tower strategy, a disciplined capital allocation framework, and an investment-grade balance sheet, we believe we are well positioned to deliver attractive long-term shareholder returns."