HOUSTON-Crown Castle International Corp. reported revenues for the fourth quarter and year ended Dec. 31 of $202 million and $649.2 million, respectively, compared with $114.2 million and $345.8 million for fourth-quarter and year-end 1999.
The company recorded a net loss of $59 million, or 40 cents per share, for fourth-quarter 2000, compared with a loss of $33 million, or 27 cents per share, for the same time the previous year. Crown Castle experienced a net loss of $204.8 million, or $1.48 per share, for the year, compared with a loss of $96.8 million, or 96 cents per share, for 1999.
“Highlights during the quarter included our agreement with BT to lease 4,000 exchange sites in the U.K. that will provide our customers with a platform of wireless sites for 2G and 3G wireless deployments, as well as access to fiber connectivity,” said Ted B. Miller, chairman and chief executive officer of Crown Castle.
The company said it built 243 towers and acquired 177 towers during the quarter. Net of anchor tenants on newly built towers, Crown Castle also added 1,623 new tenants during the fourth quarter, representing an annualized colocation rate of 0.52 tenants per tower on the 12,489 sites owned and managed at the beginning of the quarter.
Looking ahead, Crown Castle said it expects the first quarter site rental and broadcast transmission revenue to be between $128 million and $132 million, assuming new tenants are added to existing towers at an annualized rate of between 0.40 and 0.50 new tenants per tower. The company expects total revenue to be between $184 million and $205 million.
The company expects revenues for 2001 to be between $850 million and $900 million, and it expects to build between 1,250 to 1,750 new towers, composed of between 900 and 1,100 towers in the United States and between 350 and 650 towers in the United Kingdom.
