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Then from that point forward clearly the important task, Ric, of integrating these two tower company portfolios because above all, what both of these companies are interested in is ensuring that we deliver against our objectives for the fourth quarter and also then making certain that we have properly integrated these so that this is a seamless transaction from our customers' perspective. I think that's what our focus needs to be on as opposed to looking for anything else.

Ric Prentiss

Good luck, guys. Sorry for getting some of you up so early in the morning.


Thanks, Ric.


Thank you. Our next question comes from Jonathan Atkin with RBC Capital Markets. Please go ahead.

Jonathan Atkin

Good morning. So the transaction's about growth. I guess for John mostly, can you be a little bit more specific on the top line growth or lease up trends that you anticipate in the merged company over the next couple of years?


In essence, Jonathan, the one thing I'll indicate in that regard is that we don't approach any portfolio acquisition without running that portfolio through our project SouthPointe to confirm what the lease up opportunities will be on that particular portfolio, and we did the same in this particular case. Though, I indicated to you that we're picking up seven more top 50 markets and by definition would suggest that we didn't have a very large presence in there, so may not have had project SouthPointe-related information on those towers in the Global Signal portfolio. In our process here over the last weeks we actually did in fact collect the data to be able to ascertain what the leasing prospects are in those particular areas.

What we did again is we modeled it on the basis of current technologies. We modeled it as we do our current situation which was current technologies, kind of current subscriber and usage trends, not necessarily focused on what is the impact of Sprint's 4G announced plans, what will the final outcome be of T-Mobile's announcement this morning and their deployment of AWS. What we tend to do is focus on what is in fact known to us today and what are the leasing prospects for the portfolio that's in question.

So we did all that for the Global Signal portfolio, and what I can tell you is that we're very comfortable with the opportunities that exist based on current technologies and how that is going to affect the financial results of this company on a go forward basis. We've been able to verify that for ourselves and are very comfortable with it. And then of course some of these announcements that are actually happening in real time today and yesterday are additive to what we were originally looking at when we ran the SouthPointe models.


Crown Castle International

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