Crown Citadel Inc. (NYSE:CCI) 2024 RBC Capital Markets International Communications Infrastructure Convention September 24, 2024 11:00 AM ET
Firm Individuals
Daniel Schlanger – CFO
Convention Name Individuals
Jonathan Atkin – RBC Capital Markets
Jonathan Atkin
I wish to welcome again Dan Schlanger, the Chief Monetary Officer of Crown Citadel. Admire your spending time with us.
Daniel Schlanger
Sure, thanks for having us. It is nice to be again right here.
Query-and-Reply Session
Q – Jonathan Atkin
I feel, possibly to kick-off with a macro query, Presidential elections, actions in rates of interest and another form of macro matters in your seat as CFO, how do you consider that within the context of your stability sheet and doable impacts on capital allocation?
Daniel Schlanger
Sure. Nicely, I feel to start out with, among the best issues concerning the core of our enterprise, tower enterprise, I do not suppose from a capital allocation standpoint, a lot of these issues affect us in any respect. It is a enterprise that has an incredible quantity of underlying optimistic progress traits, most of which revolve round the truth that we simply proceed to make use of our telephones extra.
So, as information demand within the U.S. goes up, demand for gear on towers goes up, and that’s very hardly ever impacted by capital markets, Presidential elections, macroeconomic traits, we use our telephones extra. And it is one of many nice issues concerning the tower enterprise is that, if you happen to can personal a tower the place there’s demand round it, then there can be extra demand round it and subsequently, extra demand for it.
So, I feel, it is simply one other proof level of how good the enterprise mannequin is that, we do not actually spend a number of time desirous about, what will occur within the Presidential election, why, as a result of we in the end get to — it is not going to essentially affect our
