Crown Castle Receives Favorable Private Letter Ruling From Internal Revenue Service

HOUSTON, Sept. 2, 2014 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has received from the Internal Revenue Service a favorable private letter ruling ("PLR") with respect to the real property portion of Crown Castle's small cell networks. The PLR provides that the real property portion of Crown Castle's indoor and outdoor small cell networks and the related rents qualify as real property and rents from real property, respectively, under the rules governing real estate investment trusts ("REIT"). As previously announced, Crown Castle commenced operations as a REIT effective January 1, 2014. Subject to the approval of its Board of ...

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