Crown Castle International Declares Quarterly Preferred Stock Dividend

March 15, 2002 at 6:02 AM EST
HOUSTON, Mar 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- Crown Castle International Corp. (NYSE: CCI) announced today that the quarterly dividend on its 12 3/4% Senior Exchangeable Preferred Stock will be paid on March 15, 2002 to holders of record on March 1, 2002. The dividend will be paid in shares of the Preferred Stock at a rate of 31.875 shares per 1,000 shares. Fractional shares will be paid in Preferred Stock.

Contact Regarding Dividend Payments: Patti Knight, Mellon Investor Services at 214-922-4420.

Crown Castle International Corp. engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers and rooftops as well as analog and digital audio and television broadcast transmission systems. The Company offers near-universal broadcast coverage in the United Kingdom and significant wireless communications coverage to 68 of the top 100 United States markets, to more than 95 percent of the UK population and to more than 92 percent of the Australian population. Crown Castle International owns, operates and manages over 15,000 wireless communication towers internationally. For more information on Crown Castle International, visit: www.crowncastle.com .

Contacts: W. Benjamin Moreland, CFO Crown Castle International 713-570-3000 Ken Dennard, Easterly I.R. kdennard@easterly.com 713-529-6600

SOURCE Crown Castle International Corp.

CONTACT:

W. Benjamin Moreland, CFO of Crown Castle International Corp., +1-713-570-3000; or Ken Dennard of Easterly I.R., +1-713-529-6600, or kdennard@easterly.com , for Crown Castle International Corp. URL: http://www.crowncastle.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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