Crown Castle International to Move to the New York Stock Exchange; New Ticker Symbol Will Be 'CCI'

Apr 11, 2001, 01:00 ET from Crown Castle International Corp.

    HOUSTON, April 11 /PRNewswire/ --
 Crown Castle International Corp. (Nasdaq:   TWRS) today announced its Common
 Stock will begin trading on the New York Stock Exchange (NYSE) under the
 ticker symbol "CCI" on Wednesday, April 25, 2001.  To mark the Company's first
 day of trading, Ted B. Miller, Jr., Crown Castle's Chairman and CEO, will ring
 the opening bell at the NYSE on April 25th.
     "We are honored to welcome Crown Castle International to the NYSE," said
 Richard A. Grasso, Chairman and CEO of the New York Stock Exchange.  "As a
 leader in advanced wireless communications, Crown Castle is the latest in a
 line of innovative high-technology companies whose shares will enjoy the
 visibility and liquidity which the NYSE's auction market provides."
     "Crown Castle International is a truly global company built on the
 foundation of operations on three continents, world class customers and a
 diverse institutional shareholder base," stated Mr. Miller.  "We believe this
 move to the NYSE will deliver measurable savings to our shareholders through
 reduced transaction costs and more efficient trade executions resulting from
 the centrality of the NYSE marketplace, the world's largest ECN."
     Crown Castle has been listed on The Nasdaq Stock Market under the ticker
 symbol "TWRS" since its initial public offering on August 18, 1998.
 Concurrent with the NYSE listing, the Company's shares will be withdrawn from
 the Nasdaq Stock Market.  "Nasdaq has been very good to Crown Castle.  I wish
 to thank Nasdaq for its support and high quality of service," concluded
 Mr. Miller.
     Crown Castle International Corp. engineers, deploys, owns and operates
 technologically advanced, shared wireless infrastructure.  The Company offers
 near-universal broadcast coverage in the United Kingdom and significant
 wireless communications coverage to 68 of the top 100 US markets, more than
 95 percent of the UK population and more than 92 percent of the Australian
 population.  Pro forma for all closed and previously announced transactions,
 Crown Castle International owns, operates, and manages over 13,000 wireless
 communication towers internationally.  For more information on Crown Castle
 International, visit: www.crowncastle.com.
     This press release contains various forward-looking statements and
 information that are based on Crown Castle management's beliefs, as well as
 assumptions made by and information currently available to management.
 Although Crown Castle believes that the expectations reflected in such
 forward-looking statements are reasonable, it can give no assurance that such
 expectations will prove to have been correct.  Such statements are subject to
 certain risks, uncertainties and assumptions.  Should one or more of these
 risks materialize, or should underlying assumptions prove incorrect, actual
 results may vary materially from those expected.  More information about the
 potential factors, which could affect Crown Castle's financial results, is
 included in the Risk Factors sections of Crown Castle's filings with the
 Securities and Exchange Commission and in previous press releases issued by
 Crown Castle.
 
      Contacts:  W. Benjamin Moreland, CFO
                 Crown Castle International
                 713-570-3000
 
                 Ken Dennard, Easterly I.R.
                 kdennard@easterly.com
                 713-529-6600
 
 

SOURCE Crown Castle International Corp.
    HOUSTON, April 11 /PRNewswire/ --
 Crown Castle International Corp. (Nasdaq:   TWRS) today announced its Common
 Stock will begin trading on the New York Stock Exchange (NYSE) under the
 ticker symbol "CCI" on Wednesday, April 25, 2001.  To mark the Company's first
 day of trading, Ted B. Miller, Jr., Crown Castle's Chairman and CEO, will ring
 the opening bell at the NYSE on April 25th.
     "We are honored to welcome Crown Castle International to the NYSE," said
 Richard A. Grasso, Chairman and CEO of the New York Stock Exchange.  "As a
 leader in advanced wireless communications, Crown Castle is the latest in a
 line of innovative high-technology companies whose shares will enjoy the
 visibility and liquidity which the NYSE's auction market provides."
     "Crown Castle International is a truly global company built on the
 foundation of operations on three continents, world class customers and a
 diverse institutional shareholder base," stated Mr. Miller.  "We believe this
 move to the NYSE will deliver measurable savings to our shareholders through
 reduced transaction costs and more efficient trade executions resulting from
 the centrality of the NYSE marketplace, the world's largest ECN."
     Crown Castle has been listed on The Nasdaq Stock Market under the ticker
 symbol "TWRS" since its initial public offering on August 18, 1998.
 Concurrent with the NYSE listing, the Company's shares will be withdrawn from
 the Nasdaq Stock Market.  "Nasdaq has been very good to Crown Castle.  I wish
 to thank Nasdaq for its support and high quality of service," concluded
 Mr. Miller.
     Crown Castle International Corp. engineers, deploys, owns and operates
 technologically advanced, shared wireless infrastructure.  The Company offers
 near-universal broadcast coverage in the United Kingdom and significant
 wireless communications coverage to 68 of the top 100 US markets, more than
 95 percent of the UK population and more than 92 percent of the Australian
 population.  Pro forma for all closed and previously announced transactions,
 Crown Castle International owns, operates, and manages over 13,000 wireless
 communication towers internationally.  For more information on Crown Castle
 International, visit: www.crowncastle.com.
     This press release contains various forward-looking statements and
 information that are based on Crown Castle management's beliefs, as well as
 assumptions made by and information currently available to management.
 Although Crown Castle believes that the expectations reflected in such
 forward-looking statements are reasonable, it can give no assurance that such
 expectations will prove to have been correct.  Such statements are subject to
 certain risks, uncertainties and assumptions.  Should one or more of these
 risks materialize, or should underlying assumptions prove incorrect, actual
 results may vary materially from those expected.  More information about the
 potential factors, which could affect Crown Castle's financial results, is
 included in the Risk Factors sections of Crown Castle's filings with the
 Securities and Exchange Commission and in previous press releases issued by
 Crown Castle.
 
      Contacts:  W. Benjamin Moreland, CFO
                 Crown Castle International
                 713-570-3000
 
                 Ken Dennard, Easterly I.R.
                 kdennard@easterly.com
                 713-529-6600
 
 SOURCE  Crown Castle International Corp.