Crown Castle sees long-term tower demand backed by mobile data and spectrum

Crown Castle said growing mobile data traffic, spectrum investment and an expected FCC auction of about 800 MHz will support long-term demand for U.S. tower infrastructure. The company also sees SpaceX's terrestrial Starlink Mobile plans as a potential catalyst for tower leasing.

• Crown Castle cut annualized operating costs by $65 million
• FCC may auction ~800 MHz, including 160 MHz of upper C-band by July 2027
• SpaceX seeks access to at least 80,000 cell sites for Starlink Mobile
• Company expects to buy land under over 400 towers in 2026