Benchmark Reports Effects On Crown Castle Of Sprint Sharing

According to Benchmark, Crown Castle International

networks woulde be catalyzed by Sprint sharing. Benchmark reported that there has been speculation that Sprint is considering network sharing agreements with Clearwire and LightSquared (L2). “Network sharing typically worries tower investors as it reduces the number of independent tenants. While independent Clearwire and L2 networks is preferable, network sharing is not bad as it brings viability to L2 and incremental revenue to tower owners. Crown Castle (

) is well-positioned to benefit from Sprint's adding equipment to support these possible agreements. We maintain a Buy rating on CCI.” Crown Castle International closed yesterday at $42.80.