Revenue Decline, Sale

The decline in site‑rental income is attributed to DISH terminations, Sprint cancellations, and a 4.1 % cut in straight‑lined revenue. Conversely, the sale of Crown Castle’s Fiber and Small‑Cell businesses in March 2026 generated substantial net proceeds that financed a $1 billion share‑repurchase program and repayment of more than $7 billion of debt, including $5 billion of floating‑rate debt. Interest expense fell by $35 million, whereas interest income rose by $14 million, producing a $35 million net benefit from the transaction. Capital expenditures increased 47.5 % to $1.3 billion, largely driven by land purchases to enhance tower margins and asset control.