EXHIBIT 11
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF NET LOSS
PER COMMON SHARE
(IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
HISTORICAL PRO FORMA
------------------------------------- -----------
YEARS ENDED
DECEMBER 31, YEAR ENDED
------------------------------------- DECEMBER 31,
1995 1996 1997 1998 1998
-------- ------ --------- -------- ---------
Net loss.............................. $ (21) $ (957) $(11,942) $(37,775) $(119,018)
Dividends on preferred stock.......... -- -- (2,199) (5,411) (26,745)
------ ----- -------- -------- ---------
Net loss applicable to
common stock for basic
and diluted
computations......................... $ (21) $ (957) $(14,141) $(43,186) $(145,763)
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Weighted-average number
of common shares
outstanding during the
period for basic and
diluted computations
(in thousands)....................... 3,316 3,503 6,238 42,518 142,213
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Loss per common share--
basic and diluted.................... $(0.01) $(0.27) $ (2.27) $ (1.02) $ (1.02)
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