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  "documentTitle": "Crown Castle International Corp. (CCI)",
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      "text": "Crown Castle has realized a paltry 3% EBITDA yield on its fiber capex, relative to the highly attractive ROIs achieved in its tower business",
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      "text": "So, what we see is the CapEx that we're spending for things like fiber for small cells is very much in our head like an acquisition.",
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      "text": "[T]hat's why we are very excited about small cells because as you think about the total return story there... we think that's a very attractive investment that will drive growth in dividend over the long-term.",
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      "text": "\"So, what we see is the CapEx that we're spending for things like fiber for small cells is very much in our head like an acquisition.\" — CFO Daniel Schlanger, May 2017; \"[T]hat's why we are very excited about small cells because as you think about the total return story there, with the second tenant being low to mid-teens plus the escalator, the opportunity to do third and fourth tenant, we think that's a very attractive investment that will drive growth in dividend over the long-term.\" — Crown Castle Investor Relations, June 2016",
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      "text": "Source: Company public filings and transcripts. Note: Cumulative from 2015 through Q1'20 results.",
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      "kind": "title",
      "text": "...With Much Lower Capex Return on Investment (ROI)",
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