- Crown Castle International (NYSE:CCI) is looking at selling its Australian subsidiary CCAL, based on "unsolicited offers" the company has received -- and Zacks notes CCI needs to reduce debt burden and focus on U.S. operations.
- CCAL -- the largest independent wireless tower operator in Australia -- is likely to lose its tax shelter tied to deprectation in the near future, Zacks says.
- CCI owns 77.6% of CCAL -- which is projected to make up 4-5% of CCI's 2015 adjusted EBITDA of $2.15B -- and had an intercompany loan of about A$306M (about $239M) due from CCAL on Dec. 31.
- CCI's total debt-to-assets: 55.79; total debt-to-equity: 167.39.