investors

AUGUST 4, 1999 – HOUSTON, TEXAS – Crown Castle International Corp. (NASDAQ:TWRS) today reported significant increases in revenues, tower cash flow and EBITDA for the three months and six months ended June 30, 1999.

For the three months ended June 30, 1999, revenues increased dramatically to $77.5 million from $11.5 million during the same period in 1998. Tower cash flow for the second quarter increased to $33.0 million from $3.7 million in last year’s second quarter. Second quarter earnings before interest, taxes, depreciation and amortization, or EBITDA, grew to $31.5 million, compared to $1.9 million in last year’s second quarter. On a pro forma basis, annualized same tower revenues increased 32 percent for over 1,100 towers owned and managed as of June 30, 1998.

For the six months ended June 30, 1999, revenues increased to $132.6 million from $23.4 million during the same period in 1998. Tower cash flow for the first half of 1999 increased to $57.6 million from $7.2 million in last year’s first half. First half EBITDA grew to $51.9 million, compared to $3.0 million in last year’s first half.

"Our second quarter performance and better than expected operating results continue to validate our cluster acquisition and operational strategies," stated Ted B. Miller, Jr., Chairman and CEO of Crown Castle International. "During the second quarter, our leasing results for our newly added clusters in the US were significantly ahead of schedule, plus our build-to-suit program ramped up nicely during the quarter. We constructed approximately three times as many towers in the second quarter as we had constructed for any prior quarter in the Company’s history.

"As we continue our integration of significantly more tower clusters and new tower builds over the coming quarters, we believe we are well positioned to enter into significant long-term master leasing agreements with traditional and non-traditional wireless service providers for deployment of existing and innovative new wireless technologies," concluded Mr. Miller.

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Crown Castle International Corp. is a leading provider of communication sites and wireless network services and provides an array of related infrastructure and network support services to the wireless communications and radio and television broadcasting industries in the United States and United Kingdom. Pro forma for all closed and previously announced transactions, Crown Castle International owns, operates and manages over 7,000 wireless communication towers internationally. For more information on Crown Castle International, visit: www.crowncastle.com.

This press release contains various forward-looking statements and information that are based on management’s belief as well as assumptions made by and information currently available to management. Although the Company 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.