Crown Castle International Declares Quarterly Preferred Stock Dividend Rate
HOUSTON, Oct. 20 /PRNewswire-FirstCall/ - Crown Castle International Corp. (NYSE: CCI) announced today that the quarterly dividend on its 6.25% Convertible Preferred Stock will be paid on November 15, 2006 to holders of record on November 1, 2006. The dividend will be paid in cash at a rate of $0.781 per share of Preferred Stock.
Crown Castle International Corp. engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers. Crown Castle offers significant wireless communications coverage to 76 of the top 100 U.S. markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 11,000 and over 1,300 wireless communication sites in the U.S. and Australia, respectively. On October 6, 2006, Crown Castle International Corp. announced it had entered into a definitive agreement to acquire Global Signal Inc. (NYSE: GSL). Global Signal owns, leases or manages approximately 11,000 towers and other wireless communications sites. For more information on Crown Castle, please visit http://www.crowncastle.com .
Contacts: W. Benjamin Moreland, CFO Jay Brown, Treasurer Crown Castle International Corp. 713-570-3000 SOURCE Crown Castle International Corp. -0- 10/20/2006 /CONTACT: W. Benjamin Moreland, CFO, or Jay Brown, Treasurer, both of Crown Castle International Corp., +1-713-570-3000/ /Web site: http://www.crowncastle.com / (CCI GSL) CO: Crown Castle International Corp.; Global Signal Inc. ST: Texas IN: CPR TLS SU: DIV KM-CT -- DAF012 -- 4913 10/20/2006 06:00 EDT http://www.prnewswire.com