Thread regarding Crown Castle International Corp. layoffs

Whats going on with NJ/PA/DE district?

Whats going on with the NJ/PA/DE district? We have lost all leadership over last few month and now the DM has moved on? anyone herd something? we our now left with zero fiber leadership. is it time to leave?

by
| 8471 views | | 70 replies (last ) | Reply
Post ID: @OP+1kBPxFyh

70 replies (most recent on top)

The northeast and central have nowhere near enough in the pipeline to make up the difference and both are planning to fudge the numbers by “counting” radio swaps on existing poles against the 10k.

by
| | Reply
Post ID: @14rgx+1kBPxFyh

@14gfr+1kBPxFyh

For whatever reason they're just talking about the south and the west.

by
| | Reply
Post ID: @14grb+1kBPxFyh

That’s only 3600 nodes in 2023. Where are the other 6400 coming from?

by
| | Reply
Post ID: @14gfr+1kBPxFyh

And the plan for Central?

by
| | Reply
Post ID: @14caz+1kBPxFyh

@13tsh+1kBPxFyh

I'm not sure what you're basing your info off but here are the rounded numbers for 2023 fully contracted nodes scheduled to be built this year.
In the south - tmobile 1400, Verizon 600
The west - Verizon 1000, tmobile 600

In 2024 the south has 800 tmobile and 500 Verizon and the west has 35 tmobile and 600 verizon.

Besides the contacted nodes, between both the west and the south we have just over 7500 nodes in some form of bidding/contracting for tmobile and over 8300 for verizon.

I'm not making an argument about whether or not small cell is a good bet, but to say those two carriers aren't giving crown work in those two areas is just not the case.

The numbers I provided are readily available to any crown employee.

by
| | Reply
Post ID: @13ggr+1kBPxFyh

@Zeow+1kBPxFyh, I don’t know where you are but Verizon has nothing SC related going on in the south or west regions, especially after the shut down their “one fiber” program and they’re starting placing their own poles and fiber in the NE region since they already have a huge presence up there.

On top of that, my TMO counterpart tells me that TMO is moving away from SC in the south and instead building micro cells that backhaul to a data center without converging at a macro site. TMO contracted with AT&T for the lit fiber since Crown could only offer a dark fiber option.

Crown staked everything on SC but as soon as Crown is unable to scam Wall Street into believing that all these carriers are clamoring for SC, Crown will fall faster than Lehman Brothers. Give it until the end of the year when Jay Brown starts dancing the jig when stock holders start asking for the revenue from the 10k small cells we’re supposed to build.

by
| | Reply
Post ID: @13tsh+1kBPxFyh

@Ywys+1kBPxFyh

It's not the cash cow but just a point of correction we have a lot of Verizon work and large volume multi year contracts. Yes, many of them don't include fiber but that just further backs up the arguments that fiber is a loss for Crown

by
| | Reply
Post ID: @Zeow+1kBPxFyh

@Ycyr+1kBPxFyh, small cell isn’t the cash cow you think it will be. There are only 3 major carriers. You can’t count Dish yet because they’re still only 20% complete on the macro site build. They’re not even thinking about small cell.

That leaves the big 3. You can’t count on ATT and Verizon being big takers of Crown SC because they self perform in the states they have an ILEC presence in which is like 36 out of the 50 states.

The only guy left is TMO and 1 carrier on the small cell pole isn’t enough to bring the ROI in a decent amount of time.

by
| | Reply
Post ID: @Ywys+1kBPxFyh

Tower is the cash cow but cash cows don't last forever. SC is the growth driver but you need volume and you need to be able to cost share (multiple tenants). Fiber is the necessary evil of SC. Enterprise solutions is saturated but it can be money a maker if its done right. You need to be selective with your customer and not over commit. You also need to limit churn. Crowns is a REIT and enterprise solutions doesn't fit into there business model. The fact that there's zero growth is more indicative of Crowns focus on small as it the enterprise solutions business.

Crowns in excellent position and has some great assets they just need to figure out how to maximize them.

by
| | Reply
Post ID: @Ycyr+1kBPxFyh

@Xnqs+1kBPxFyh

You not exactly wrong but you're not right either. The pipe dream is to use the fiber for small cells but how many markets do we have that have enough backbone to actually support it. Remember, small cells are dark fiber from hub to node, most of the fiber we have is irrelevant for small cells, even though that was the point.

The fiber side is doomed, it's just a matter of time. The real question is whether small cell goes away with fiber or moves back to towers. With venues alone it makes sense to keep the small cells but anything can happen.

by
| | Reply
Post ID: @Xoxd+1kBPxFyh

@Xnqs+1kBPxFyh

Without the vertical side of the company, the pipe dream that is Network wouldn’t even be viable. Everyone knows which side of CCI pulls in the revenue lol

by
| | Reply
Post ID: @Xggu+1kBPxFyh

Crown staked it’s entire future on small cells. Without fiber, small cells can’t exist. If cuts happen, it’ll be towers. Crown can’t afford to admit they were wrong about SC.

by
| | Reply
Post ID: @Xnqs+1kBPxFyh

@Vftm+1kBPxFyh

If the people don’t go, the layoffs shall flow.

by
| | Reply
Post ID: @Xnnw+1kBPxFyh

It’s time

by
| | Reply
Post ID: @Xwpl+1kBPxFyh

Add to all that the continual IT meltdowns. Layoffs won’t be on the tower side. Fiber is ripe for it. Zero percent projected growth? Yeah, put two and two together.

by
| | Reply
Post ID: @Xrhf+1kBPxFyh

Stock is tanking and the EMT need to show they are doing something to protect investors. Layoffs inevitable, folks.

by
| | Reply
Post ID: @Wmns+1kBPxFyh

If small cell and fiber layoffs are being discussed, directors aren't involved in those discussions.

by
| | Reply
Post ID: @Wthi+1kBPxFyh

OMG the layoff rumors never stop. First October. Then February. Now it’s right after the bonuses? Whatever man.

by
| | Reply
Post ID: @Wuym+1kBPxFyh

Hearing the same rumors round the office in NY.

by
| | Reply
Post ID: @Wblr+1kBPxFyh

Bonus payouts shortly. Leadership waiting to see numbers that leave before finalizing layoffs numbers. My leadership has advised that conversations are underway and lists being compiled. Fiber and SC are being targeted.

by
| | Reply
Post ID: @Vftm+1kBPxFyh

fyi it’s still overpriced at 130

by
| | Reply
Post ID: @Sgej+1kBPxFyh

fyi it was overpriced @ 200

by
| | Reply
Post ID: @Subg+1kBPxFyh

A good P/E for a reit is 35× to 45x earnings, crowns currently trading at 33x.. so just below fair value..

by
| | Reply
Post ID: @Sixl+1kBPxFyh

https://eastlansinginfo.news/30concerns-about-erecting-5g-towers-in-neighborhoods-persist-after-public-meeting/

by
| | Reply
Post ID: @Rvqw+1kBPxFyh

Crown went from 200 to 130ish a share…. T-I-M-B-E-R!!! Who said it’s a done dropping?

by
| | Reply
Post ID: @Rygf+1kBPxFyh

I still want IHOP

by
| | Reply
Post ID: @Rwph+1kBPxFyh

Whoever it is obviously bitter and probably at Lightpath now with their $3-$4 stock LMAO! T-I-M-B-ER! Be glad you didn’t join that sh!tshow con game

by
| | Reply
Post ID: @Qzur+1kBPxFyh

@Meuc+1kBPxFyh

There's just some light tower person who spams here endlessly with wildly false information. Its every thread and every topic. I swear they have to be 50% of the comments.

by
| | Reply
Post ID: @Pecq+1kBPxFyh

That is 100 percent correct and CCI bet big on SC and massively underestimated how much time and money it takes to build them. This will be lead to the company’s downfall later this year when they can’t fudge the numbers any longer.

by
| | Reply
Post ID: @Obsj+1kBPxFyh

The services that pull on 4k+ are called Towers. So many interns would say they only heard about CCI when they were writing a paper for their BA degree about companies with absurd profit margins. Just because you add new lines of business, doesn't mean that the new business lines will get the same profit margins. Fiber and SC are diluting the profitability of towers - plain and simple.

by
| | Reply
Post ID: @Ojyo+1kBPxFyh

There isn’t one market where our fiber business is leading. We’re getting ki-led in the NE by Verizon. AT&T is getting all the big contracts in the south. We barely have a presence in the west and Midwest. Even in our home base in Houston, the old Level 3 is doing better than we are in enterprise sales.

We suck due to poor leadership. Plain and simple.

by
| | Reply
Post ID: @Otif+1kBPxFyh

Some the comments here are comical. 90% of fiber contracts are 12 months. We are doing orders for $300/mth/12 mth term. Costing us $20k plus to deploy. Do the math geniuses. On the bright side though JP has us doing safety audits daily. It’s all good. #purplecoolaid

by
| | Reply
Post ID: @Meuc+1kBPxFyh

Can I go to IHOP yet?

by
| | Reply
Post ID: @Jvix+1kBPxFyh

Nope most enterprise contracts are 36 months not 1 year and there plenty of services that pull in 4k +

by
| | Reply
Post ID: @Iuwb+1kBPxFyh

@Imvj+1kBPxFyh

There's a lot incorrect here. Average contract lengths and MRR are incorrect. As well as the assumptions of small cell costs and ROI. There's zero consideration for the pass through costs, among other things.

by
| | Reply
Post ID: @Ixet+1kBPxFyh

There is no debating on what Crowns business model is. Crown is a REIT and small cell fits that model and the service business doesn't. But the question is what's the best use of the fiber plant. If you use the other guys math it takes 9.5 years to get your money back on a small cell. Elliot's report states that the fiber business is a attractive asset class if operated properly. The key is to limit churn, continually add logo's, and seek contracts with 40% ROI. What's factually incorrect ?

by
| | Reply
Post ID: @Imvj+1kBPxFyh

@Hhia+1kBPxFyh

That's factually incorrect. I won't share exact numbers here due to anonymity but the other person is much closer. And that doesn't even mention churn which is huge. Chun numbers are nearly as high as new installs.

Enterprise pays for enterprise and keeps the revenue up but its hardly profitable. Large fiber is much better but small cell colos are really where we want to be. Especially since that's our business model.

by
| | Reply
Post ID: @Hgdv+1kBPxFyh

@Hktj+1kBPxFyh

The golden handcuffs are the reason a lot of us are still here. I'll hang on and do a good job until I end up on the chopping block.

by
| | Reply
Post ID: @Hlwx+1kBPxFyh

Wrong typical enterprise contracts range from 36 months/60 months and depending on the type of service can bill upwards $4,000 -$5,000 a month.

by
| | Reply
Post ID: @Hhia+1kBPxFyh

@Hjfm+1kBPxFyh, in my district, we’re hiring the bubble gum machine operators, splicers and CMs like we’re ready to start cranking out nodes like nobody’s business. People keep saying not to worry. Capital cost is under control, permitting agencies are on board with the bubble gum method and Crown will have 5 tenants on each small cell node.

Despite the assurances, I know this won’t be ending well. I’m just stuck because there is nowhere else for me to go right now. Crown is it unless I want to take a substantial pay cut. I’m trapped by the golden handcuffs.

by
| | Reply
Post ID: @Hktj+1kBPxFyh

Post a reply

: