Houston cell tower company gets subpoena from SEC

Crown Castle, a Houston-based cell tower company, has been subpoenaed by the US Securities and Exchange Commission requesting specific documentation from 2015 to the present, and primarily includes license and construction management provided to cellular network operators renting crowns. It is related to business accounting policies. Castle tower.

The company announced this with its third-quarter earnings, which recorded a net profit of $ 229 million, up 66{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} from $ 166 million reported in the same three months last year.

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Daniel K. Schlanger's Crown Castle CFO said the company is working with the SEC, according to a conference call with investors.

"The summons require us to write a specific document, but not a violation of the law."

Crown Castle owns, operates and leases more than 40,000 cell towers and more than 75,000 routed fiber optic cables supporting small cell and fiber solutions in all major markets in the United States.


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