1. The author maintains a 'buy' rating on Crown Castle (CCI) despite lower-than-expected asset sale proceeds, citing debt reduction and share buybacks as key strengths; 2. Short-term financial challenges from Sprint contract cancellations and asset sales are expected to ease, with management projecting improved cash flow and reduced leverage post-transaction; 3. CCI's valuation appears attractive compared to peers like American Tower, supported by improving leverage metrics and long-term growth drivers in mobile data and connected devices.
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