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  "documentTitle": "Crown Castle International Corp. (CCI)",
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  "notes": "The slide uses a bar chart to contrast the cost basis of fiber investments against the implied value and the potential returns of alternative investments.",
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      "text": "Crown Castle has thus far destroyed value through its fiber investment and would have been far better off reinvesting in itself through either tower acquisitions or share repurchases",
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      "text": "Crown Castle has thus far destroyed value through its fiber investment and would have been far better off reinvesting in itself through either tower acquisitions or share repurchases",
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      "text": "I think we're getting better at both identifying and building a pipeline of future tenancy, and the strategy is playing out exactly as we thought.",
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      "text": "I think we’re getting better at both identifying and building a pipeline of future tenancy, and the strategy is playing out exactly as we thought. — CEO Jay Brown, February 2020",
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      "text": "Source: Company financials. Market data from Bloomberg and CapitalIQ as of June 29, 2020.",
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      "text": "What Could Crown Castle Have Done With its Capital?",
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