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Crown Castle10-K: Customer concentration

T-Mobile, AT&T, and Verizon account for 90% of 2025 site rental revenues.

What happened

Extreme reliance on three tenants creates significant risk and makes relationship management with these key accounts a top corporate priority. Any disruption with these tenants would have a material impact on the entire business, creating a need for robust customer management and diversification strategies.

Source

SEC EDGARFeb 23, 2026

Annual report (Form 10-K)

Crown Castle 10-K for FY2025

Filing excerpt

Our largest tenants are T-Mobile, AT&T and Verizon Wireless, which collectively accounted for approximately 90% of our 2025 site rental revenues.

sec.gov/Archives/edgar/data/1051470/000105147026000016/cci-20251231.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-K: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 23, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Numbers

Percent
90% (Portion of 2025 site rental revenues from T-Mobile, AT&T, and Verizon)

Details

CIK
1051470
Accession number
0001051470-26-000016
Timeframe
Current year
Filing year
2026
Why it matters
Diversification strategy
Signal category
Market

Topics and mentions

Vendors

  • T-Mobile
  • AT&T
  • Verizon Wireless

Extraction

Confidence
High
Relevance
80%
Sentiment
Neutral
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9e0880fe-2fae-4ad7-b3cc-92a0b49d0414 returns this record as JSON. POST /v1/companies/enrich returns every signal for crowncastle.com.

{
  "signal_id": "9e0880fe-2fae-4ad7-b3cc-92a0b49d0414",
  "signal_type": "sec-10k",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-02-24T09:23:47.443+00:00",
  "company": {
    "name": "Crown Castle",
    "domain": "crowncastle.com"
  },
  "data": {
    "detail": "Extreme reliance on three tenants creates significant risk and makes relationship management with these key accounts a top corporate priority. Any disruption with these tenants would have a material impact on the entire business, creating a need for robust customer management and diversification strategies.",
    "metrics": {
      "pct": 0.9,
      "timeframe": "current_year",
      "pct_context": "Portion of 2025 site rental revenues from T-Mobile, AT&T, and Verizon"
    },
    "summary": "T-Mobile, AT&T, and Verizon account for 90% of 2025 site rental revenues.",
    "excerpts": "Our largest tenants are T-Mobile, AT&T and Verizon Wireless, which collectively accounted for approximately 90% of our 2025 site rental revenues.",
    "relevance": 0.8,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1051470/000105147026000016/cci-20251231.htm",
    "filing_date": "2026-02-23",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market",
    "vendors_mentioned": [
      "T-Mobile",
      "AT&T",
      "Verizon Wireless"
    ]
  }
}

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