Crown Castle International and RAI to Form Strategic Alliance
HOUSTON, April 25 /PRNewswire/ -- Crown Castle International Corp. (NYSE: CCI - news) and RAI-Radio Televisione Italiana S.p.A (``RAI'') confirmed today that they contemplate the formation of a strategic alliance and that the Board of Directors of RAI has authorized RAI moving forward with the establishment of such strategic alliance with a subsidiary of Crown Castle in the broadcasting and telecommunication towers network through RaiWay. Formation of the strategic alliance is subject to final documentation, which is contemplated to occur on or before the end of April.
Crown Castle engineers, deploys, owns and operates technologically advanced, shared wireless infrastructure. It offers near-universal broadcast coverage in the United Kingdom and significant wireless communications coverage to 68 of the top 100 US markets, more than 95 percent of the UK population and more than 92 percent of the Australian population. Pro forma for all closed and previously announced transactions, Crown Castle owns, operates, and manages over 13,000 wireless communication towers internationally. For more information on Crown Castle, visit: www.crowncastle.com.
This press release contains various forward-looking statements and
information that are based on Crown Castle management's beliefs, as well as
assumptions made by and information currently available to management.
Although Crown Castle believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct.
Such statements are subject to
certain risks, uncertainties and assumptions.
Should one or more of these
risks materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those expected.
More information about the
potential factors, which could affect Crown Castle's financial results, is
included in the Risk Factors sections of Crown Castle's filings with the
Securities and Exchange Commission and in previous press releases issued by
Crown Castle.
Contacts: W. Benjamin Moreland, CFO Crown Castle International 713-570-3000 Ken Dennard, Easterly I.R. kdennard@easterly.com 713-529-6600 MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X50581438