COVID-19 Creates Problems, Opportunities for Crown Castle, Says CEO

5G means a busy period for Crown Castle, CEO Jay Brown told a Goldman Sachs virtual conference Thursday. “We are sitting right here on the doorstep of the deployments of 5G and our asset mix, some 40,000 towers in the U.S., 80,000 route miles of fiber, are sitting squarely in that really strong winds of demand that are coming.” Brown said the pandemic is both positive and negative for his company. “Connectivity becomes really critical in the current environment and has really caused companies to start to really think about redundancy and the quality of the connection,” he said: “There have also been some cases where, as a result of COVID, access has been limited to some facilities where it's delayed the start of new revenues.”