Crown Castle responds to activist investor Elliott’s recommended changes

Activist investor Elliott Management Corp. is pushing Houston-based Crown Castle International Corp. (NYSE: CCI) to improve the company’s strategic focus and value.

Elliott manages funds that collectively own a $1 billion interest in the communications infrastructure giant and has been working privately with the company for over a month. However, the investor publicly released a letter to Crown Castle’s board of directors on July 6 “in order to facilitate a broader discussion of the best path forward…