Crown Castle cuts small cell outlook in half for 2021, 2022
Crown Castle announced they will roll out 5,000 small cells in 2021 compared to its previous expectation for about 10,000, a change it attributes to a combination of factors, including carriers’ desire to use macro sites for near-term 5G deployments. “There’s been a reprioritization of the capital spend here in calendar year 2021 of moving toward getting those macros upgraded for 5G and reprioritizing in the near term some of those small cells,” said Crown Castle CEO Jay Brown. “We think it’s just timing… that they’re pushing out to the right, and obviously, when you look at our results and our outlook, we’re seeing the push on that going toward towers.”