8-K/AAcquisitions & DispositionsExhibits & Filings

CROWN CASTLE INC. 8-K/A Report, Acquisition Completed (Dec 21, 2012)

Filed December 21, 2012For Securities:CCI

Summary

Crown Castle International Corp. (CCI) has filed an 8-K/A amendment to its previous filing, primarily to include detailed financial statements and pro forma information related to its significant acquisition of approximately 7,100 wireless communication sites from T-Mobile USA, Inc. This acquisition, valued at approximately $2.486 billion, was initially reported as completed on November 30, 2012. The inclusion of these financial exhibits provides investors with a clearer picture of the acquired assets' historical performance and the projected financial impact on Crown Castle's consolidated financial position.

Key Highlights

  • 1Crown Castle International Corp. (CCI) filed an 8-K/A to supplement its November 30, 2012 filing regarding the T-Mobile site acquisition.
  • 2The amendment includes the financial statements of the acquired T-Mobile sites (T3 Sites) for the year ended December 31, 2011, and the nine months ended September 30, 2012.
  • 3Pro forma financial information, including a balance sheet as of September 30, 2012, and statements of operations for the year ended December 31, 2011, and the nine months ended September 30, 2012, are now provided.
  • 4The acquisition involved approximately 7,100 wireless communication sites.
  • 5The total cash consideration for the acquisition was approximately $2.486 billion, subject to post-closing adjustments.
  • 6The filing incorporates by reference previous reports detailing the T-Mobile transaction.
  • 7Exhibit 23.1 contains the consent of PricewaterhouseCoopers LLP, indicating their role as independent accountants for the acquired operations.

Frequently Asked Questions

This filing serves as an amendment to a previous 8-K report to include essential financial statements and pro forma information related to Crown Castle's acquisition of approximately 7,100 wireless communication sites from T-Mobile USA, Inc. These financial details were not included in the original completion report.

The acquisition of approximately 7,100 wireless communication sites from T-Mobile USA, Inc. was valued at approximately $2.486 billion in cash, subject to certain post-closing adjustments.

This amendment provides the Statement of Revenue and Certain Expenses for the acquired T-Mobile sites (T3 Sites) for the year ended December 31, 2011, and the nine months ended September 30, 2012. It also includes Unaudited Pro Forma Condensed Combined financial statements for Crown Castle as of and for the periods ending September 30, 2012, December 31, 2011, and September 30, 2012.

The acquisition of the T-Mobile sites was initially reported as completed on November 30, 2012, in Crown Castle's Current Report on Form 8-K filed on December 4, 2012.