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  "documentTitle": "Crown Castle International Corp. (CCI)",
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  "authorName": "Corvex Management",
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  "presentationDate": "2014-10-14 00:00:00",
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  "notes": "The slide uses a quantitative buildup to estimate the financial impact of spectrum deployment on CCI's AFFO per share.",
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      "text": "Shown at right are illustrative estimates for deployment of 700MHz A and AWS-3 spectrum – these two examples alone generate over $1.10 of incremental AFFO per share for CCI (realized over a multiyear period)",
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      "text": "Additional long-term opportunities include spectrum owned by TV broadcasters (~60-70 MHz depending on auction participation), DISH's spectrum (~55 MHz), Lightsquared (~20 MHz), and the Federal government's planned Public Safety network (~20 MHz)",
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      "text": "New spectrum deployments should drive additional upside to CCI's results over time - precise timing and financial impact difficult to determine today, but the probability of new spectrum ultimately being deployed by wireless operators is very high in our view",
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      "text": "Source: Wall Street research, Corvex estimates. Calculations assume amendments are not covered under existing MLAs.",
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