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Crown Castle International Corp. (CCI) Stock is A Good Trade Option?

Crown Castle International Corp. (NYSE: CCI), a cell tower and mobile infrastructure operator is aggressively developing a network of tiny cell stations. As wireless technology advances, this market might become a new major source of revenue for the organization.

Crown Castle International Corp. (CCI) now owns over 40,000 cell towers in the United States. Furthermore, the firm has access to over 10,000 rooftop locations to increase coverage, such as in heavily populated metropolitan regions. The driver of expansion in the next years, however, will be minuscule cellular nodes known as microcells.

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They are low-power antennas that are typically put on streetlights or power poles to enable the Internet of Things, driverless vehicles, augmented reality, and remote transmitter networks.

CCI forecasts that hundreds of thousands more microcells will be required in the United States during the next few years. The firm already has over 110,000 such installations, 60,000 reservations, and a yearly expansion strategy of 10,000 nodes.

Crown Castle International is also investing in technologies like Citizens Band Radio Service and edge computing, which entails locating small data centers near cell towers and local cellular networks. Fiber cables, which the corporation now has over 125,000 kilometers of, are also a significant element of the business.

Crown Castle International Corp. (CCI) pays dividends and is increasing distributions. According to management, the firm projects a yearly dividend increase of 7-8%. CCI has more than quadrupled its dividend distributions over the last 10 years, substantially surpassing the S&P 500 in terms of total performance.

As a result, Crown Castle International Corp. (CCI) not only retains a strong position in the cellular communications industry (particularly through the development of 5G networks) but also expands into new markets with significant growth potential.

Crown Castle International Corp. (CCI) is up 2.59 percent this week and down -7.11 percent in the last month. Its pricing has dropped -17.77 percent year to date and -14.53 percent in the last year.

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