BT delays payment due to delay in 3G rollouts

date: April 11, 2002

Crown Castle International announced that its subsidiary, Crown Castle UK, has reached agreement with British Telecommunications to defer until March 2003 payment of £50 million of the £100 million payment due March 2002 under the transaction documentation relating to BT exchange sites in the UK.

"The deferral of the 50 million pounds payment is reflective of the constructive approach both parties are taking to address the delays in the roll-out of 3G services in the UK," said John P. Kelly, CEO of Crown Castle. "We look forward to continuing our work with customers as they co-locate on the attractive portfolio of BT exchange sites."

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