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Crown Castle Inc. has initiated a restructuring plan to improve its towers business efficiency, which includes…

CCICrown Castle Inc.

Crown Castle Inc. has initiated a restructuring plan to improve its towers business efficiency, which includes reducing its tower and corporate employee headcount by approximately 20%. The company expects to incur approximately $30 million in aggregate restructuring charges, consisting of $20 million for employee severance and up to $10 million for other realignment costs such as office consolidation.

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