Crown Castle Inc. (NYSE:CCI) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:00 AM ET
Company Participants
Daniel Schlanger – CFO
Conference Call Participants
Jonathan Atkin – RBC Capital Markets
Jonathan Atkin
I want to welcome back Dan Schlanger, the Chief Financial Officer of Crown Castle. Appreciate your spending time with us.
Daniel Schlanger
Yes, thanks for having us. It’s great to be back here.
Question-and-Answer Session
Q – Jonathan Atkin
I think, maybe to kick-off with a macro question, Presidential elections, movements in interest rates and any other kind of macro topics in your seat as CFO, how do you think about that in the context of your balance sheet and possible impacts on capital allocation?
Daniel Schlanger
Yes. Well, I think to start with, one of the best things about the core of our business, tower business, I don’t think from a capital allocation standpoint, many of those things impact us at all. It’s a business that has a tremendous amount of underlying positive growth trends, most of which revolve around the fact that we just continue to use our phones more.
So, as data demand in the U.S. goes up, demand for equipment on towers goes up, and that is very rarely impacted by capital markets, Presidential elections, macroeconomic trends, we use our phones more. And it’s one of the great things about the tower business is that, if you can own a tower where there’s demand around it, then there will be more demand around it and therefore, more demand for it.
So, I think, it’s just another proof point of how good the business model is that, we don’t really spend a lot of time thinking about, what is going to happen in the Presidential election, why, because we ultimately get to — it’s not going to really impact our
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