Crown Castle Inc. (CCI): Análise de Pestle [Jan-2025 Atualizado]

No cenário em constante evolução da infraestrutura de telecomunicações, a Crown Castle Inc. (CCI) fica na encruzilhada da inovação tecnológica e da expansão estratégica. À medida que as redes sem fio continuam a remodelar nosso ecossistema digital, essa análise de pilões revela a complexa rede de fatores políticos, econômicos, sociológicos, tecnológicos, legais e ambientais que impulsionam a estratégia de negócios da CCI. Do lançamento de 5g Redes para a intrincada dança da conformidade regulatória, o Crown Castle navega em um terreno multifacetado que promete desafios e oportunidades sem precedentes no mercado de infraestrutura de telecomunicações.

Crown Castle Inc. (CCI) - Análise de Pestle: Fatores Políticos

A política federal de telecomunicações afeta a implantação de infraestrutura

A Lei de Telecomunicações de 1996 continua a moldar os regulamentos de implantação de infraestrutura. A partir de 2024, a FCC alocou US $ 9,23 bilhões para expansão rural de banda larga por meio do Fundo de Oportunidade Digital Rural (RDOF).

Área de Política	Impacto regulatório	Alocação de investimento
Banda larga rural	Expansão da infraestrutura	US $ 9,23 bilhões (RDOF)
Implantação 5G	Alocação de espectro	US $ 81,17 bilhões (2022-2024 Leilões de espectro)

Os regulamentos da FCC influenciam acordos de leasing pequenas e torre

A ordem da FCC 19-66 continua a otimizar a implantação de pequenas células, padronizando os regulamentos locais.

• Taxas médias de arrendamento de células pequenas: US $ 1.200 - US $ 2.500 por local anualmente
• Tempos de permissão municipal reduzida de 90 a 60 dias
• Taxas de anexo padronizadas entre jurisdições

Mudanças potenciais na alocação de espectro

Os leilões de espectro de 3,45 GHz e da banda C geraram atividade regulatória significativa.

Banda de espectro	Receita de leilão	Ano de alocação
3,45 GHz	US $ 22,5 bilhões	2022
Banda C.	US $ 81,17 bilhões	2021

Incentivos de investimento de infraestrutura governamental

A Lei de Investimentos e Empregos de Infraestrutura fornece financiamento substancial para a infraestrutura de telecomunicações.

• Investimento total de infraestrutura de banda larga: US $ 65 bilhões
• Financiamento do Programa de Equidade Digital: US $ 2,75 bilhões
• Programa de conectividade de banda larga tribal: US $ 2 bilhões

Crown Castle Inc. (CCI) - Análise de pilão: Fatores econômicos

As flutuações da taxa de juros impactam o desempenho do REIT

A partir do quarto trimestre de 2023, a taxa de fundos federais permaneceu em 5,33%. A dívida total do Crown Castle ficou em US $ 11,5 bilhões, com uma taxa de juros média de 4,1% em sua carteira de dívidas. A despesa de juros da empresa para 2023 foi de US $ 564 milhões.

Métrica	Valor	Ano
Dívida total	US $ 11,5 bilhões	2023
Taxa média de juros da dívida	4.1%	2023
Despesa de juros	US $ 564 milhões	2023

Tendências de despesas de capital de transportadora sem fio

Principais despesas de capital de transportadoras sem fio para 2023:

• Verizon: US $ 17,8 bilhões
• AT&T: US $ 21,4 bilhões
• T-Mobile: US $ 13,6 bilhões

Operadora	Gasto de capital	Ano
Verizon	US $ 17,8 bilhões	2023
AT&T	US $ 21,4 bilhões	2023
T-Mobile	US $ 13,6 bilhões	2023

Infraestrutura de crescimento econômico e telecomunicações

Taxa de crescimento do PIB dos EUA: 2,5% em 2023. O investimento em infraestrutura de telecomunicações atingiu US $ 78,3 bilhões em 2023.

Indicador econômico	Valor	Ano
Taxa de crescimento do PIB dos EUA	2.5%	2023
Investimento de infraestrutura de telecomunicações	US $ 78,3 bilhões	2023

Impacto potencial de recessão na infraestrutura de rede

Receita da Crown Castle para 2023: US $ 6,8 bilhões. Cenários de recessão potenciais mostram potencial redução de receita de 5-7% com base em padrões históricos de descida econômica.

Métrica financeira	Valor	Ano
Receita total	US $ 6,8 bilhões	2023
Redução potencial de receita	5-7%	Projetado

Crown Castle Inc. (CCI) - Análise de Pestle: Fatores sociais

O aumento da cultura de trabalho remoto gera um maior consumo de dados móveis

Segundo a Statista, a adoção remota do trabalho aumentou de 17% em 2019 para 44% em 2023. O consumo de dados móveis cresceu 47% ano a ano, atingindo 49,4 exabytes em 2023.

Ano	Porcentagem de trabalho remoto	Consumo de dados móveis (Exabytes)
2019	17%	33.6
2023	44%	49.4

A crescente dependência da conectividade digital cria demanda de infraestrutura

O relatório anual da Internet da Cisco indica que os usuários globais da Internet atingirão 5,3 bilhões até 2024, representando 66% da população mundial.

Ano	Usuários globais da Internet	Porcentagem de população
2024	5,3 bilhões	66%

As tendências de urbanização suportam a implantação de redes pequenas

O Departamento de Assuntos Econômicos e de Assuntos Sociais da ONU projeta 68,4% da população urbana global até 2024, impulsionando os requisitos de infraestrutura de pequenas células.

Ano	Porcentagem de população urbana	População urbana total
2024	68.4%	5,2 bilhões

A crescente penetração de smartphones aumenta as necessidades de infraestrutura de telecomunicações

A GSMA Intelligence Reports Global Smartphone Connections atingiu 6,4 bilhões em 2023, projetada para aumentar para 7,1 bilhões até 2025.

Ano	Conexões de smartphone	Crescimento ano a ano
2023	6,4 bilhões	5.2%
2025 (projetado)	7,1 bilhões	10.9%

Crown Castle Inc. (CCI) - Análise de Pestle: Fatores tecnológicos

O lançamento da rede 5G requer extensos investimentos em infraestrutura

O Crown Castle investiu US $ 3,4 bilhões em infraestrutura em 2023. A empresa possui 40.000 torres de células nos Estados Unidos. A implantação de infraestrutura 5G requer aproximadamente US $ 1,5 trilhão em investimentos globais de rede até 2025.

Categoria de investimento em tecnologia	2023 Despesas	Crescimento projetado
Infraestrutura 5G	US $ 1,8 bilhão	12,5% de aumento anual
Implantações de pequenas células	US $ 620 milhões	15,3% de aumento anual
Expansão da rede de fibras	US $ 980 milhões	10,2% de aumento anual

A computação de borda impulsiona a demanda por infraestrutura de rede distribuída

O mercado global de computação de arestas deve atingir US $ 61,14 bilhões até 2028. O Crown Castle opera 75.000 milhas de rota de infraestrutura de fibras que suportam requisitos de computação de borda.

A expansão da Internet das Coisas (IoT) exige soluções aprimoradas de conectividade

Os dispositivos conectados da IoT projetados para atingir 29 bilhões em todo o mundo até 2030. O Crown Castle suporta a infraestrutura da IoT através de 70.000 nós pequenos em ambientes celulares nas principais áreas metropolitanas.

Métricas de conectividade da IoT	2023 desempenho	2024 Projeção
Nós de células pequenas	70,000	85,000
Largura de banda de conectividade da IoT	500 Tbps	750 Tbps

Tecnologias sem fio emergentes exigem atualizações contínuas de infraestrutura

O Castelo da Coroa alocou US $ 2,2 bilhões em atualizações de infraestrutura de tecnologia em 2023. A Evolução da Tecnologia sem fio exige investimento contínuo de capital estimado em 8 a 12% da receita anual.

Categoria de atualização da tecnologia	2023 Investimento	Foco em tecnologia
5G Infraestrutura avançada	US $ 1,4 bilhão	espectro mmwave e sub-6 ghz
Redes sem fio privadas	US $ 380 milhões	Soluções de conectividade corporativa
Virtualização de rede	US $ 420 milhões	Networking definido por software

Crown Castle Inc. (CCI) - Análise de Pestle: Fatores Legais

Acordos complexos de arrendamento com transportadoras sem fio

Estatísticas do contrato de arrendamento:

Métrica	Valor	Ano
Receitas totais de arrendamento	US $ 5,98 bilhões	2023
Duração média do arrendamento	5-10 anos	2024
Número de contratos de transportadora sem fio	40,000+	2023

Regulamentos de zoneamento impacto

Métricas de conformidade de zoneamento:

Jurisdição	Taxa de aprovação de permissão	Tempo médio de processamento
Áreas urbanas	68%	4-6 meses
Áreas suburbanas	82%	2-3 meses
Áreas rurais	55%	6-9 meses

Políticas de leilão de espectro

Dados recentes de alocação de espectro:

• Receita do Leilão do Espectro 5G da FCC: US ​​$ 81,17 bilhões (2020-2022)
• Bandas de espectro alocadas: 3,45 GHz, 3,7-3,98 GHz, 24 GHz
• Investimentos de infraestrutura do Castle Crown: US $ 350 milhões (2023)

Regulamentos de infraestrutura de telecomunicações

Métricas de conformidade regulatória:

Categoria de regulamentação	Taxa de conformidade	Custo anual de conformidade
Regulamentos da FCC	99.7%	US $ 42,5 milhões
Leis de telecomunicações em nível estadual	98.5%	US $ 22,3 milhões
Conformidade ambiental	97.2%	US $ 18,7 milhões

Crown Castle Inc. (CCI) - Análise de Pestle: Fatores Ambientais

Iniciativas de energia verde influenciam o consumo de energia da infraestrutura

A Crown Castle Inc. registrou 51,8% de uso de energia renovável em sua infraestrutura em 2022. A Companhia investiu US $ 24,3 milhões em atualizações de eficiência energética para torres de telecomunicações em 2023.

Ano	Porcentagem de energia renovável	Investimento de eficiência energética
2022	51.8%	US $ 18,7 milhões
2023	57.2%	US $ 24,3 milhões

A adaptação das mudanças climáticas requer infraestrutura de rede resiliente

O Crown Castle alocou US $ 42,6 milhões para atualizações de infraestrutura de resiliência climática em 2024. A Companhia identificou 387 locais de torre de alto risco que exigem medidas aprimoradas de proteção ambiental.

Métrica de resiliência climática	2024 Investimento	Locais de alto risco
Atualizações de infraestrutura	US $ 42,6 milhões	387 sites

Projeto de torre sustentável e eficiência energética se tornando crítica

O castelo da coroa reduziu as emissões de carbono em 22,7% em 2023 em comparação com a linha de base de 2020. A empresa implementou sistemas de backup movidos a energia solar em 612 sites de telecomunicações.

• Redução de emissão de carbono: 22,7%
• Sites movidos a energia solar: 612
• Economia anual de energia: 4,3 milhões de kWh

Regulamentos ambientais afetam o desenvolvimento e manutenção da infraestrutura

Os custos de conformidade dos regulamentos ambientais atingiram US $ 17,9 milhões em 2023. A Companhia investiu US $ 31,5 milhões em atender aos padrões ambientais da EPA em nível estadual para desenvolvimento de infraestrutura.

Métrica de conformidade regulatória	2023 Despesas
Conformidade com a regulamentação ambiental	US $ 17,9 milhões
Padrões ambientais de infraestrutura	US $ 31,5 milhões

Crown Castle Inc. (CCI) - PESTLE Analysis: Social factors

You're looking at the societal shifts that are fundamentally changing how wireless carriers build out their networks, which directly impacts Crown Castle Inc.'s long-term revenue stability. The sheer volume of data people are pulling down is staggering, and it's not slowing down. North American smartphone data consumption is projected to hit an average of about 23 GB per month for the average user in 2025, up significantly from just a few years ago. This isn't just about scrolling; it's about high-bandwidth activities like 4K streaming and constant cloud access for work.

The persistent trend of remote work, even as offices reopen, means people expect flawless connectivity everywhere, not just downtown. Also, the appetite for rich media is insatiable. It's a massive tailwind for tower utilization.

The data demand curve is still pointing up.

Increased remote work and streaming drive demand for network capacity and density

Honestly, the shift in how we use our devices is the primary engine for Crown Castle Inc.'s core tower business. When people work from home, they aren't just using Wi-Fi; they are constantly offloading traffic to the macro network for video conferencing and large file transfers. This forces carriers to densify their networks, which means more tenants on existing Crown Castle Inc. towers or the need for new sites down the road.

We see this reflected in usage patterns. For instance, in markets with widespread 5G, average mobile data usage per person is already hitting around 18 GB/month in 2025, driven by these high-quality applications. This continuous need for capacity means the capital expenditure decisions made by T-Mobile, AT&T, and Verizon-your main customers-are directly tied to these social habits.

More streaming equals more rent checks.

Focus on digital equity requires infrastructure expansion into underserved communities

There's a growing social and political push to close the digital divide, which is a real opportunity for infrastructure providers like Crown Castle Inc. It's not just about urban centers anymore; regulators and communities are demanding better service in rural and lower-income areas. What this estimate hides is the segment that relies entirely on mobile for digital life.

Here's the quick math: In the U.S., as of 2025, about 14% of households are considered smartphone-dependent, meaning they lack traditional home broadband and rely solely on mobile data for everything from job searches to telehealth. This demographic needs reliable, high-quality macro-cell coverage, which is exactly what Crown Castle Inc.'s tower assets provide.

Closing the gap isn't optional; it's policy.

The shared infrastructure model is cited for enabling greater access to connectivity

The very nature of Crown Castle Inc.'s business-sharing tower space with multiple tenants-is viewed socially as an efficient way to deploy capital for broad coverage. Instead of every carrier building its own tower, the shared model accelerates the deployment of necessary infrastructure, which helps meet those digital equity goals faster. This is why the strategic pivot to focus purely on the U.S. tower business, divesting the fiber and small cell segment for $8.5 billion, makes sense from a pure-play infrastructure perspective.

The tower model is the proven, scalable backbone for this national connectivity mandate. It's a model that inherently supports the social goal of widespread access.

Towers are the foundation of the connected society.

To put some of these usage trends into perspective, here is a snapshot of related digital consumption metrics:

Metric	Value (2025 Estimate/Data Point)	Source Context
Average Global Mobile Data Usage	23 GB per month	General user consumption benchmark
Average 5G Market Mobile Data Usage	18 GB per month	Usage in markets with advanced 5G networks
U.S. Smartphone-Dependent Households	14% of households	Reliance on mobile for primary internet access
U.S. Mobile Internet Traffic Share	57.58% of internet traffic	Traffic originating from mobile sources in North America
Crown Castle Inc. Tower Sites (2024 Base)	Over 40,000 towers	Core asset base driving shared infrastructure revenue

These social trends translate into clear operational demands for Crown Castle Inc. You need to watch how carrier leasing activity responds to these usage spikes, especially in the macro tower segment now that the focus is narrowed.

• Watch for carrier commitments on existing towers.
• Monitor rural build-out subsidies impacting site placement.
• Track public sentiment on digital access parity.
• Evaluate the impact of new device adoption rates.

Finance: draft 13-week cash view by Friday.

Crown Castle Inc. (CCI) - PESTLE Analysis: Technological factors

You're looking at the tech landscape for Crown Castle Inc. (CCI) right now, and the story is all about focus. The big move this year is shedding the fiber and small cells businesses to become a pure-play U.S. tower company. This isn't just shuffling assets; it's a deliberate choice to concentrate capital where the most predictable, long-term growth is-the macro towers.

5G deployment remains the primary, multi-year driver for tower leasing activity

Honestly, 5G is still the engine driving tower leasing for Crown Castle Inc. Carriers are deep into fortifying their networks with new spectrum and equipment, and most of the work happening on their existing sites involves 5G overlays. This sustained activity is why Crown Castle kept raising its expectations; they now project 4.7% organic growth in site rental billings for the full year 2025, up from an earlier 4.5% forecast, excluding the Sprint consolidation churn. That's the core business humming along nicely, providing the foundation for the next phase of wireless.

Here's the quick math on their tower business health:

• Projected 2025 Tower Organic Growth: 4.5% (excluding Sprint churn)
• Revised 2025 Site Rental Billings Organic Growth: 4.7%
• Number of U.S. Towers in Core Portfolio: Approximately 40,000

The demand is definitely there, even if the pace is normalizing after the initial carrier buildout frenzy. It's a multi-year story, not a one-and-done event.

Mobile data demand is growing at an estimated 20% to 30% annually

The sheer volume of data people and machines are chewing through is staggering, and that's what underpins the entire tower business model. Crown Castle Inc.'s CFO noted that mobile data demand growth has consistently been in the 20% to 30% range annually over the past decade. This isn't just a guess; global projections back this up, with mobile data traffic forecast to grow at a Compound Annual Growth Rate (CAGR) of about 29.5% between 2023 and 2028. So, even with the strategic pivot, the underlying secular trend-more data consumption-is strong, which means carriers must keep densifying their networks, requiring more tower space.

The strategic pivot focuses the business on core tower assets, selling fiber and small cells

To be fair, the fiber and small cell segments required a different kind of capital and operational muscle, which is why Crown Castle Inc. agreed to sell them off for a combined $8.5 billion in March 2025. This move solidifies them as the only public pure-play U.S. tower company. The proceeds are earmarked for financial housekeeping: paying down debt and funding an approximately $3.0 billion share repurchase program. This focus change also led to an immediate action: the annualized dividend was cut to about $4.25 per share starting in the second quarter of 2025. It's a trade-off: less complex growth for more predictable, focused tower cash flow.

Artificial intelligence (AI) is seen as a potential long-term catalyst for massive data growth

Now, let's talk about the next big thing: AI. While Crown Castle Inc. management says they are still in the very early stages and haven't seen a direct impact on mobile data yet, the potential is huge. Analysts are watching this closely because AI-driven applications, especially those requiring real-time data exchange like AR/VR, are expected to put significant strain on uplink capacity, potentially exceeding current 5G capacity by 2027. The GSMA data suggests AI could add an extra 20% to 80% in traffic beyond current forecasts, depending on how fast it's adopted. For instance, Zayo, which is buying the fiber assets, already has $3 billion in AI-related deals in their pipeline as of early 2025. This means that while the pivot de-risks the near-term by focusing on towers, the long-term data demand story-which towers will benefit from-is only getting louder thanks to AI.

Here is a snapshot of the tech landscape impact:

Technology Driver	2025 CCI Tower Outlook Impact	Related Data Point
5G Deployment	Primary driver for leasing activity and organic growth	Projected 4.7% organic growth in site rental billings
Mobile Data Demand	Sustains need for network densification	Historical growth rate of 20% to 30% annually
AI Integration	Potential long-term catalyst for future data spikes	AI could add 20% to 80% additional traffic beyond forecasts
Strategic Divestiture	Focuses capital on core, stable tower assets	Sale of Fiber/Small Cells for $8.5 billion

Finance: draft 13-week cash view by Friday

Crown Castle Inc. (CCI) - PESTLE Analysis: Legal factors

You're navigating a complex regulatory landscape right now, especially with that massive fiber asset sale underway. The legal environment directly shapes your capital structure, M&A activity, and operational security requirements. Let's break down the key legal factors affecting Crown Castle Inc. as we look toward 2026.

Sale of the Fiber business is subject to regulatory approvals, including the Department of Justice (DOJ)

The agreement to sell the Fiber Solutions business to Zayo for approximately $4.25 billion-part of the total $8.5 billion transaction for the entire Fiber segment-is not a done deal yet. This deal, announced in March 2025, is explicitly contingent on receiving required government and regulatory approvals, which definitely includes the Department of Justice (DOJ) review for antitrust concerns. Honestly, while the deal is expected to close in the first half of 2026, any holdup at the federal level, especially with the DOJ, can push that timeline. We are already seeing state-level regulatory steps, like the New Jersey Board of Public Utilities review in late 2025, which shows the administrative complexity involved in transferring these assets into the new holding structure, Fiber NewCo.

Here are the key components of that strategic divestiture:

Asset Sold	Buyer	Approximate Value	Status/Timeline
Fiber Solutions Business	Zayo Group Holdings Inc.	$4.25 billion	Subject to regulatory approval; expected close H1 2026
Small Cells Business	EQT Active Core Infrastructure fund	$4.25 billion	Subject to regulatory approval; expected close H1 2026
Total Fiber Segment Sale	Combined	$8.5 billion	Expected to result in a total loss of between $700 million and $900 million for full-year 2025 due to the classification as held for sale.

Compliance with complex Real Estate Investment Trust (REIT) requirements limits financial flexibility

Being a Real Estate Investment Trust means you live and die by the IRS rules, and that really constrains your financial maneuvering room. The big one, as always, is the 90% distribution requirement-you have to pass nearly all your taxable income through to shareholders as dividends. Complying with this, and the associated ownership limitations, can force Crown Castle Inc. to forgo attractive discretionary investments or financing alternatives that might otherwise make sense for the business. To manage this while funding the planned $3.0 billion share repurchase program post-sale, the company signaled a reduction in its annualized dividend to approximately $4.25 per share starting in the second quarter of 2025. This move is a direct consequence of needing to balance shareholder returns with strict REIT payout mandates.

Federal efforts are underway to streamline state and local permitting processes for infrastructure

While most of your site acquisition headaches happen at the state and local level, the federal government is making noise about making things easier, which is a positive trend. For instance, the July 2025 Executive Order, Accelerating Federal Permitting of Data Center Infrastructure, targets large projects-those requiring over 100 megawatts (MW) of new load or involving at least $500 million in capital expenditures. This signals a general federal desire to cut red tape for critical digital infrastructure. Furthermore, legislation like the ePermit Act, which passed a House Committee in late 2025, aims to modernize federal environmental review with digital portals. If these federal efforts gain traction, they might pressure state and local agencies to adopt similar efficiencies, helping to speed up the site acquisition cycle times you are trying to automate.

FCC's rollback of the CALEA (Communications Assistance for Law Enforcement Act) interpretation impacts carrier cybersecurity compliance

This is a fascinating regulatory reversal that impacts your customers, and by extension, you. The FCC, under new leadership, voted 2-1 to rescind a January 2025 Declaratory Ruling that had interpreted the Communications Assistance for Law Enforcement Act (CALEA) as legally requiring telecom carriers to secure their networks against unlawful access. That initial ruling came in response to the massive Salt Typhoon espionage campaign that hit major carriers. The new majority argued the January interpretation was too broad and inflexible, favoring a voluntary, collaborative approach instead of mandated risk-management plans and annual certifications. For Crown Castle Inc., this means the baseline security expectations for your carrier tenants might remain less prescriptive than they were for a few weeks in early 2025. You definitely need to watch if law enforcement or CISA push for targeted hardening rules outside of CALEA, especially around lawful intercept and core routing systems, because those are the assets your tenants operate on your towers.

The key shifts in the cybersecurity posture are:

• Prior interpretation: Mandatory security duty under CALEA Section 105.
• Current stance: Reliance on voluntary industry cooperation.
• Driver: Perceived inflexibility of the January 2025 mandate.
• Risk: Uneven security maturity across the carrier base.

It's a definite shift away from a one-size-fits-all mandate. Finance: draft 13-week cash view by Friday.

Crown Castle Inc. (CCI) - PESTLE Analysis: Environmental factors

You're looking at how Crown Castle Inc. (CCI) is managing its environmental footprint, and honestly, the progress toward its $\text{2025}$ goals is quite tangible, especially on the energy front.

The key takeaway here is that CCI is positioned to hit its near-term carbon neutrality target while its core asset strategy is structurally aligned with resource efficiency.

Goal to be carbon neutral in Scope 1 and 2 emissions for 2025 is over three-quarters complete

The commitment to be carbon neutral across Scope 1 (direct emissions) and Scope 2 (purchased electricity) emissions by $\text{2025}$ is looking achievable, which is a strong signal to the market. As of the $\text{2024}$ reporting period, the company stated it was over three-quarters of the way to hitting that $\text{2025}$ goal. This progress isn't just about offsets; it's driven by real operational changes, like upgrading lighting systems.

To be defintely clear on the operational side, by the end of $\text{2024}$, CCI had converted approximately 63% of its lit towers to energy-efficient LED lighting. That's a concrete reduction in energy demand right there.

93% of 2024 electricity consumption was sourced from renewable energy contracts

This is perhaps the most impressive near-term metric. For the $\text{2024}$ fiscal year, CCI sourced 93% of its total electricity consumption through multiyear renewable energy contracts. Here's the quick math on that: they contracted for 144,193 MWh of renewable energy against a reported $\text{2024}$ annual consumption of 155,665 MWh. That heavy reliance on renewables directly supports the Scope 2 emissions reduction needed for the $\text{2025}$ neutrality target.

What this estimate hides is the remaining 7% gap, which management is likely closing through further procurement or offsets as they push toward the $\text{100%}$ renewable energy goal for $\text{2025}$.

The multi-tenant model is inherently sustainable, using fewer resources than single-tenant builds

You know that the core of CCI's business model-building one tower and leasing space to multiple carriers (colocation)-is a structural environmental advantage. It means fewer physical sites are needed overall to serve the same amount of connectivity demand. This shared infrastructure approach naturally reduces the use of materials, land, and energy compared to a scenario where every major carrier built its own separate infrastructure.

We can map this difference out simply:

Factor	Multi-Tenant Model (CCI)	Single-Tenant Build (Hypothetical)
Resource Use	Fewer resources used (build once, serve many)	Uses more resources than multi-tenant model
Environmental Footprint	Reduces environmental footprint	Greater impact on environment
Speed to Market	Improves speed to market	Slower deployment for individual carriers
Customer Cost	Decreases costs for customers	Higher individual build/maintenance costs

Still, the company is actively divesting its small cells and fiber solutions business, announced in March $\text{2025}$, which will further concentrate its environmental focus on the tower portfolio.

Climate scenario analysis shows the tower portfolio is resilient to physical climate risks

When we look at long-term physical risks, like extreme weather, CCI has taken a proactive step by running quantitative climate scenario modeling. This analysis, conducted by a third party and aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) framework, assessed the portfolio against nine physical hazards across four different climate scenarios. The finding is reassuring: the tower portfolio is deemed resilient under these assessed scenarios, with estimated financial impacts expected to be minor in the short-, medium-, or long-term.

This resilience is built in through engineering, but the company also backs it up with operational checks:

• Performed nearly 128,000 structural engineering assessments over five years.
• Completed nearly 52,000 site inspections in $\text{2024}$.
• For the three years ending $\text{2024}$, annual repair/maintenance expense from extreme weather was only about 0.02% of the $\text{2024}$ property and equipment value of $\text{\$30}$ Billion.

Finance: draft $\text{13}$-week cash view by Friday.