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Crown Castle says 2004 lease activity up 40%

HOUSTON-Crown Castle International said it experienced better-than-expected lease activity for 2004 with more than a 40-percent increase in site-leasing activity compared with 2003.

The company has put off its earnings release and conference call for March 9 and March 10 respectively. The postponement was triggered by restatements in its ground-lease accounting owing to new rules from the Securities and Exchange Commission.

Other tower operators have released similar statements.

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