Crown Castle ( (CCI) ) has released a notification of late filing.
Crown Castle Inc. has filed a Form 12b-25 to notify the delay in submitting its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company’s ongoing strategic review of its Fiber segment, which has diverted resources from the usual preparation of the report. Crown Castle anticipates filing the report within the 15-day extension period allowed under the rules. The company expects to record a significant impairment charge of approximately $5 billion related to its Fiber segment, which will impact its financial statements. This impairment is due to reduced demand and changes in strategic focus, affecting future revenue and cash flow projections. The notification includes forward-looking statements subject to risks and uncertainties. The company remains committed to compliance, as indicated by the signature of Daniel K. Schlanger, Executive Vice President and Chief Financial Officer.
More about Crown Castle
YTD Price Performance: 3.70%
Average Trading Volume: 3,146,488
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $40.23B
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