8-KAcquisitions & DispositionsExhibits & Filings

CROWN CASTLE INC. 8-K Report, Acquisition Completed (Jun 3, 2014)

Filed June 3, 2014For Securities:CCI

Summary

Crown Castle Inc. (CCI) filed this 8-K on June 3, 2014, to provide updated pro forma financial information following its significant acquisition of approximately 9,675 wireless communication sites from AT&T Inc. for $4.827 billion, completed on December 16, 2013. This filing is crucial for investors to understand the financial impact of this large-scale transaction, which significantly expanded CCI's asset base in the wireless infrastructure sector. The report also incorporates pro forma financial information reflecting Crown Castle's transition to operating as a Real Estate Investment Trust (REIT) as of January 1, 2014. Investors should review this updated information in conjunction with previous filings to gain a comprehensive view of the company's financial position and operational changes.

Key Highlights

  • 1Provides updated pro forma financial information related to the acquisition of approximately 9,675 wireless sites from AT&T.
  • 2Confirms the completion of the $4.827 billion AT&T transaction on December 16, 2013.
  • 3Includes pro forma financial information reflecting the company's commencement of operations as a REIT on January 1, 2014.
  • 4The primary purpose of this filing is to present updated financial data after significant corporate events.
  • 5Investors are directed to review this report alongside previous 8-K filings for a complete understanding.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with updated pro forma financial information. This includes the financial impact of the significant acquisition of wireless communication sites from AT&T and the company's transition to operating as a Real Estate Investment Trust (REIT).

The acquisition of approximately 9,675 wireless communication sites from AT&T was completed on December 16, 2013, for approximately $4.827 billion in cash.

Operating as a Real Estate Investment Trust (REIT) means Crown Castle is structured to own, operate, and finance income-producing real estate. This structure often allows for more favorable tax treatment and is a common model for companies in the infrastructure and real estate sectors, aiming to distribute a significant portion of income to shareholders.

The Unaudited Pro Forma Condensed Combined Statement of Operations for the year ended December 31, 2013, is filed as Exhibit 99.1 to this Current Report on Form 8-K.