Microspots are a new way for Crown Castle to grow

Crown Castle International Corp. (CCI), which runs mobile towers and other mobile infrastructure, is putting up a lot of small cellular stations. As wireless technologies improve, this business can become an important way for the company to grow. Crown Castle International owns more than 40,000 cell towers in the United States. The company also has access to over 10,000 roof platforms that can use to expand coverage, such as in cities people.

But in the coming years, growth will be driven by small cellular nodes, also called “micro-slots.”They are low-power antennas, usually on street lights or power poles, to support the Internet of Things, self-driving cars, augmented reality, and remote transmitter networks. Crown Castle International thinks that there will be a need for hundreds of thousands more micro-jobs within U. S. in the next few years. The company now has more than 110,000 such installations, 60,000 bookings, and a plan to add 10,000 nodes yearly.

Crown Castle International is also putting money into technologies like Citizens Band Radio Service and peripheral computing, which involves putting small data centers next to cell towers and small cellular networks. A big part of the business is still the fiber cables. The company already has more than 125,000 km of them. Crown Castle International gives out dividends, and those payments keep going up.

The organization stated that the company should be able to grow its dividends by 7–8 percent per year. Crown Castle International has more than tripled its dividend payments in the last ten years. In terms of total returns, Crown Castle International has easily beaten the S&P 500. So, Crown Castle International not only keeps a strong position in the cellular market (including by putting in place 5G networks) but also moves into new markets with a lot of room for growth.