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  "documentTitle": "Crown Castle International Corp. (CCI)",
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  "presentationDate": "2020-07-06 00:00:00",
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      "text": "The magnitude of this unique benefit amplifies the importance of capital allocation.",
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      "text": "Crown Castle: Tower EBITDA – Capex ($M)",
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      "text": "EBITDA - Capex: $9.4B",
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      "text": "With robust cash flow generation, U.S. tower REITs have enjoyed the luxury of significant excess cash. The magnitude of this unique benefit amplifies the importance of capital allocation. For Crown Castle, its tower business has generated a cumulative $9.4B in EBITDA – Capex since 2015",
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      "text": "CCI, like the rest of the tower companies, is highly cash generative.",
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      "text": "“CCI, like the rest of the tower companies, is highly cash generative.” — Credit Suisse, June 2014",
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      "text": "Source: Company public filings and Street research.",
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      "text": "Tower Industry is Highly Cash Generative",
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