Crown Castle International Purchases Remaining Shares Previously Held By France Telecom

July 26, 2002 at 1:22 PM EDT
HOUSTON, Jul 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- Crown Castle International Corp. (NYSE: CCI) announced today that it has purchased 8.5 million shares from Salomon Brothers International Limited ("SBIL") for $18.3 million. The shares purchased by the Company represent all of the remaining shares previously owned by affiliates of France Telecom and purchased by SBIL pursuant to a Disposition Agreement dated May 17, 2000 among SBIL, France Telecom, CCI and certain of their affiliates. The purchase was conducted through a privately negotiated transaction and is not the initiation of a share repurchase program. The Company ended the second quarter with approximately $841 million in cash and investments.

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. The Company owns, operates and manages over 15,000 wireless communication sites internationally. For more information on the Company visit: www.crowncastle.com .

     Contacts:  W. Benjamin Moreland, CFO
     Jay Brown, VP Finance
     Crown Castle International Corp.
     713-570-3000

     Ken Dennard / kdennard@easterly.com
     Lisa Elliott / lisae@easterly.com
     Easterly Investor Relations
     713-529-6600

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SOURCE Crown Castle International Corp.

CONTACT:          W. Benjamin Moreland, CFO, or Jay Brown, VP Finance, both of
                  Crown Castle International Corp., +1-713-570-3000; or Ken Dennard,
                  kdennard@easterly.com , or Lisa Elliott, lisae@easterly.com , both of Easterly
                  Investor Relations, +1-713-529-6600, for Crown Castle International Corp.

URL:              http://www.crowncastle.com 
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