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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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  "notes": "The slide uses a 'Reclaiming the Crown Plan' overlay to highlight the shift in financial performance.",
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      "text": "Under the RTC Plan, Crown Castle’s fiber will achieve positive cumulative EBITDA – Capex by 2024, finally achieving Crown Castle’s stated intention that fiber would contribute to dividend capacity",
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      "text": "Source: Historical figures per publicly disclosed Crown Castle financials. Projected figures per Elliott estimates. Forecasts assume 40% Capex Revenue ROI with reduced investment beginning 2021, 65% incremental gross margins, and ~2% annual inflation in segment SG&A.",
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      "text": "1. ROI-Focused Fiber Capex",
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