Thread regarding Crown Castle International Corp. layoffs

@3bd yep I lied, they are, our 5 ceo is doing us in.

I just came back to remind you towers are dead.

The "Hope" is SpaceX turns into a 4th customer for tower companies since SpaceX just spent billions on spectrum to compete with the carriers, however SpaceX themselves still says they want to avoid traditional terrestrial networks as much as possible. Im sorry but "Hope" cost cutting, and a best in class business slogan isn't a winning strategy

Mid 20 teens, asked about satellites in sales quarterly meeting and was told emphatically satellites would never be a thing. Laughed at for asking by the managers/"leadership". It was like a cult of nepotism. Always said they could have Bill Gates working for them and instead of leveraging and growing they'd put a boot on his throat because they felt threatened. Its still that way today.

Towers are fu--ing dead bro.

@gg Crown is not dead yet but its dying. You have three customers, that aren't spending a lot money anymore. So you aren't going to see lots of growth. YOu might get spacex money but thats a long shot and still far away. Plus its will be a race to the bottom to get that money. On top of your customer psending less. There is no growth, so you keep growing at 2%. When an industry doesn't grow it consolidates and crown is cheap because of its debt and its the cr-ppiest of the tower companies. On top that you have rates increasing so yur 5% isn't so attractive anymore, plus your borrowing cost are going up and squeezing your margins. All that says, is you have a company who isn't growing and its getting harder to make money. The best way to make more profit is to keep cutting expenses and your darn employees. So don't sit there thinking Crown is this gravy train. Crown will keep making money, but it will be with another ocmpany eventually.

Wow, you two must be fun at parties. One declares Crown dead, the other predicts a sale—neither offers a shred of evidence. A potential acquisition doesn’t make an industry obsolete. Satellites still need terrestrial infrastructure, and towers remain essential for network capacity and coverage. The post is about strategic growth, not blind optimism. Bring facts, data, or a credible counterargument. Otherwise, you’re just confusing negativity with intelligence. To clear things up your negativity doesn’t make you smart, shows you aren’t!

@a2 crown is dead

You trying to convince us or yourself? Crown will be sold in the next couple of years…

@a1 The post is about telecommunications infrastructure, not politics. The point is that satellite and terrestrial networks can complement each other, potentially creating new opportunities for tower companies. If you have a different perspective on the infrastructure requirements or business implications, bring it on but let’s not lets this go into a political polarization thread.