Crown Castle is restructuring its business by selling its small cell and fiber divisions and reducing its workforce by 20% to focus on its core U.S. tower REIT operations. This comes as the company is embroiled in a legal dispute with DISH over defaulted payments, which could significantly impact future cash flow. Despite trading below analyst targets and its estimated fair value, recent stock performance has been negative, reflecting market sentiment around these changes.
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Crown Castle Resets Tower Focus While Legal Dispute Weighs On Outlook
Crown Castle is restructuring its business by selling its small cell and fiber divisions and reducing its workforce by 20% to focus on its core U.S. tower REIT operations. This comes as the company is embroiled in a legal dispute with DISH over defaulted payments, which could significantly impact future cash flow. Despite trading below analyst targets and its estimated fair value, recent stock performance has been negative, reflecting market sentiment around these changes.