CCICrown Castle

Years Ended December 31, (In millions of dollars) dollars; components may not sum to totals due to rounding) 2025 2024 2023 2022 Towers Fiber Towers Fiber Towers Fiber Segment operating profit Net income (loss) $ 3,322 444 $ 1,188 (3,903) $ 3,393 $ 1,355 $ 3,527 $ 1,130 1,502 Adjustments to increase (decrease) segment operating profit net income (loss): Segment services Services and other revenues (215) (192) (18) $ (421) (28) (685) (12) Segment services Services and other costs of operations(a) 101 12 294 12 447 9 Segment selling, operations 113 107 304 Selling, general and administrative expenses(b) 76 176 104 194 115 190 Segment expenses 383 435 502 Asset write-down charges 11 11 9 Acquisition and integration costs — — 1 Depreciation, amortization and accretion 690 736 787 Restructuring charges — 70 73 Amortization of prepaid lease purchase price adjustments 15 16 16 Interest expense and amortization of deferred financing costs, net 972 932 849 Interest income (13) (20) (15) Other (income) expense (3) 26 5 (Benefit) provision for income taxes 16 18 21 Stock-based compensation expense, net recorded in site rental costs of operations 4 4 3 (Income) loss from discontinued operations, net of tax 659 5,065 (265) Adjusted Site Rental Gross Margin $ 3,076 $ 3,307 $ 1,358 $ 3,370 $ 1,533 $ 3,404 $ 1,317 Years Ended December 31, (In millions of dollars; components may not sum to totals due to rounding) 2025 2024 2023 2022 Towers Fiber Towers Fiber Towers Fiber Segment operating profit Net income (loss) $ 3,322 444 $ 1,188 (3,903) $ 3,393 $ 1,355 $ 3,527 $ 1,130 1,502 Adjustments to increase (decrease) segment operating profit net income (loss): Segment site Site rental revenues (4,266) (2,092) (4,049) (4,268) (4,313) (2,219) (4,322) (1,967) Segment site Site rental costs of operations(c)(d) 959 734 943 686 918 650 Segment selling, operations 992 983 961 Selling, general and administrative expenses(b) 76 176 104 194 115 190 Segment expenses 383 435 502 Asset write-down charges 11 11 9 Acquisition and integration costs — — 1 Depreciation, amortization and accretion 690 736 787 Restructuring charges — 70 73 Interest expense and amortization of deferred financing costs, net 972 932 849 Interest income (13) (20) (15) Other (income) expense (3) 26 5 (Benefit) provision for income taxes 16 18 21 Stock-based compensation expense, net recorded in services and other costs of operations 5 6 10 (Income) loss from discontinued operations, net of tax 659 5,065 (265) Adjusted Services and Other Gross Margin $ 107 $ 91 $ 6 $ 127 $ 16 $ 238 $ 3

Right-of-use ("ROU") assets associated with operating leases are included in "Operating lease right-of-use assets" on the Company's consolidated balance sheet. Current and long-term portions of lease liabilities related to operating leases are included in "Current portion of operating lease liabilities" and "Operating lease liabilities" on the Company's consolidated balance sheet, respectively. ROU assets represent the Company's right to use an underlying asset for the estimated lease term and lease liabilities represent the Company's present value of its future lease payments. In assessing its leases and determining its lease liability at lease commencement or upon modification, the Company is not able to readily determine the rate implicit for its lessee arrangements, and thus uses its incremental borrowing rate on a collateralized basis to determine the present value of the lease payments. The Company's ROU assets are measured as the balance of the lease liability plus any prepaid or accrued lease payments and any unamortized initial direct costs. For both the Towers and Fiber segments, operating lease expenses are recognized on a ratable basis, regardless of whether the payment terms require the Company to make payments annually, semi-

On March 3, 2024, we entered into an amendment to the Cooperation Agreement with Elliott, which, among other things, (1) eliminated limitations on the size of our board of directors, the Fiber Review Committee and the CEO Search Committee, (2) provided that Elliott and certain of its affiliates would vote pro rata in accordance with the vote of other stockholders at the 2024 Annual Meeting, subject to certain exceptions, and (3) provided our board of directors could change its recommendation and cease soliciting proxies in favor of Messrs. Genrich or Patel if it first made a determination that its fiduciary duties required it to do so. Messrs. Genrich and Patel were subsequently reelected to serve until our 2025 Annual Meeting of Stockholders. The operational review of our Fiber business and the search for the next CEO of our company concluded during 2024, and the strategic review of our Fiber business concluded in 2025 with our entry into the Strategic Fiber Agreement. In March 2025, we announced that Mr. Patel resigned from our board of directors, effective immediately, and was be appointed as Executive Vice President and CFO, effective April 2025. See "—The pendency of the sale of our Fiber Business to Zayo and EQT may have an adverse effect on our business, results of operations, cash flows and financial position.", "—Completion of the Strategic Fiber Transaction is subject to the conditions contained in the Strategic Fiber Agreement, including regulatory approvals, which may not be received, and separation of the Fiber Business from our current operations, and if these conditions are not satisfied or waived, the transaction will not be completed." and "—The failure to complete the planned sale of the Fiber Business to Zayo and EQT could have a material and adverse effect on our business, results of operations, financial condition, cash flows, and stock price." for a discussion of the Strategic Fiber Transaction. The Cooperation Agreement, as amended, remains in effect.