Spin-off - CROWN CASTLE INC.
Form Type: 10-Q
Filing Date: 2025-05-09
Corporate Action: Spin-off
Type: Update
Accession Number: 000105147025000141
Filing Summary: Crown Castle Inc. is undergoing a significant strategic transition involving the sale of its small cell and fiber solutions businesses, collectively referred to as the Fiber Business. This transaction, which reinforces the company's focus on enhancing its core communications infrastructure offerings, is set to result in total proceeds of approximately $8.5 billion. The Fiber Business has been classified as discontinued operations following a definitive agreement signed on March 13, 2025, with the closing expected in the first half of 2026, pending necessary approvals. This classification has also necessitated a recognition of a substantial loss of $830 million in the first quarter of 2025 due to transaction costs. The financial results for the closed Fiber Business will be recast for comparability, reflecting its impact on the consolidated financial statements.
Additional details:
Number Of Shares Outstanding: 435458808
Total Assets: 31760
Total Liabilities: 33013
Total Equity Deficit: -1253
Net Income Loss: -464
Comprehensive Income Loss: -464
Revenue Site Rental: 1011
Net Revenues: 1061
Operating Income: 521
Income From Continuing Operations: 284
Income From Discontinued Operations: -748
Form Type: 8-K
Filing Date: 2024-03-04
Corporate Action: Spin-off
Type: Update
Accession Number: 000095014224000618
Filing Summary: The current report details an amendment to a cooperation agreement between Crown Castle Inc. and Elliott Investment Management L.P. The report does not indicate a spin-off event. The amendment includes changes to the Board's structure and governance but does not involve any separation of business units.
Additional details:
: 0
Parent Cik: 1051470
File Number: 001-16441
Access 12: 000095014224
Spin Off Id: 63
Form Type: 8-K
Filing Date: 2023-12-20
Corporate Action: Spin-off
Type: New
Accession Number: 000119312523299402
Filing Summary: The announcement discusses potential strategies for the Company’s fiber and small cell businesses which may include a spin-off, as part of a review by a newly established committee. There's no specific new company CIK, percentage spun off, or effective date mentioned, and no definitive agreement for a spin-off is confirmed at this time.
Additional details:
:
Parent Cik: 1051470
File Number: 001-16441
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