everyone this us and joining on thank Ben call you the Thanks, for morning.
of rate of third our results, XG. current the leasing market long-term capitalization share increase, initiatives of a As annual grown this you X% seeing as or we quarter have benefits their of deployment our and since with XXXX, billion time. to XX% period dividends compound growth saw we per support target X.X% we our a returning we to established in environment, at the over our of year strong With X%, growth growth per are to dividend, X% over that $XX customers our of from increase shareholders
in tower the second in to continue organic deployment on business of customers X% as their industry. resulting our during we growth of year focused initial have Our revenue consecutive the utilizing towers outpace XG,
to for tower another momentum into this X% growth organic of year of expect business. our at least with solid XXXX We carry
for to our meet year, to addition, we demand deployments small networks XG will the year install customers, cells this to double nodes at compared expect the to expect of X,XXX growing require the small next rate cell In as we scale.
be to will in several XXXX, later. discrete a For as fiber that Dan result compared to flat XXXX, discuss revenue we solutions, of expect items
revenue disclosed, financial we approximately expect of Sprint's to our also year. results, the the altering by what previously term a T-Mobile our have potential our Consistent of near the return legacy growth We without with we portion to expect rationalization X% by end impacts network have some long-term growth to on strategy. of of
be believe Sprint $XXX to XXXX. We the rationalization will concluding million in the network continue of total approximately annualized churn, impact of
us I of to tremendous speak growing moment, just to target ability of X% long-term ahead I'll in us, opportunities our see to a year. on dividends per As giving confidence deliver X% in our
$XXX our However, growth below and per million and XXXX, with of expect additional of churn, in $XXX million we share expense, target. long-term dividend remaining interest be to XXXX, run-rate Sprint
increased back each Looking into as periods their back the by dynamic to this we we assets instances, time out with competitive growth. play and decades rationalization saw over those In wireless events. of our several our experienced have of following last consolidation in customers, demand times, industry, over the pace for we'll the our positions, networks expect keep combinations similar customers data around. a improve gained synergies I reinvested see further those from their network wireless
miles top years for come. in value air of XX,XXX believe many towers route XX,XXX of As portfolio concentrated fiber U.S. under such, markets positioned have shareholders Castle to strategy unmatched and I small to over to the contract long-term, and deliver on XXX,XXX Crown our significant cells
risk. further infrastructure on The both been market We world the U.S. has during clear we growth it in of been the macroeconomic believe because market in strength wireless us considering to better than ownership and times are widening And I represents other world. prosperity. relative focused U.S. underlying environment. the best shared economic model operating in the conditions the The when global U.S. of current that any the for our have performance challenging is in believe market and infrastructure gap
benefited and network has that growth mobile over data of dollars our of hundreds billions by time from investment have We persistent of customers. required
operating us we enabled the core various of of of of generate to opportunity the even global consistently U.S., increasing that even result same costs. see market. positive capital believe customers a shared our cycles. providing through deploying the landscape to quality and Further, cycle we been we in is proposition devices networks the compelling times the the I cost in from the used more our has of continues. their virtuous overall Adding communications and we have our networks have by higher macroeconomic to I small for comprehensive runway that of view in believe mobile value to enabled the as customers XG and data pay across As add and more generated willing wireless value early generational the reducing improving networks growth other a our and our are ownership, drive this for sustained have in When their to towers. the investment, by in persistent development, growth communications the do still we our growth The our offering infrastructure U.S. any fiber. and of demand and taken cycle wireless stages combination and customers cost wireless business In equipment assess in have customers for providing infrastructure we of able expect user level not XG mobile solution Similar of our invested long the of deliver experience. growth evidence low other towers cells and flows network of tower for cash infrastructure, XX,XXX a more to to experience consumers turn, carriers more, and upgrades, and the
wireless small we number mobile be over double networks, expect more billion five up we keep we on in cells of not macro small on our That of With the XG sufficient $X density approximately are as nodes, top the backlog, the weighted over put and to require with at X% XG high will cycles, exceed of investment In yield duration average data more have to across and to XXXX, mind, We markets. we build scale cells further will small that as of of in network we be likely capacity spectrum growth air. it has growth capital extending invested different of half also life of than is the capacity cell increase investment small deployed denser XX,XXX fiber record more believe to U.S. the a today. as a in believe and cell those cells in deployment concentrated to of network, in nodes opportunity. the will yielding long-term towers contracted small our existing than and years, out deployments, will demand, colocation our view increase expect magnitude result requirement this including co-located this With the time a as nodes fiber. with prior capital
reflecting small yields lease have are system The With tenant expect over two the we XXXX consistent invested achieved increased and levels, digit return. incremental cell incremental increase only to returns mix with like expectation to and we returns our up by for CapEx our low-double towers. colocation, to on XX% attractive co-location capital, resulting drive net just
now a XX% for proposition on of capital meaningful tower out our over generate assets those proven support we time, the yield As capacity invested additional with value to growth. assets approximately
at the best that X%, highlights of to future. well works a dividend points consolidated our invested towers, growth fiber, lowest wireless how return capital return to believe growth this and the a growth our X.X% I the of reduce our believe combination our Castle how I'll capital basis $XX pure generate increased underlying returns term anticipated X% I in to is has and of at shareholder and our see growth growth call we near investors of rate over on trends a to the and annual Looking underlying interest with it market, have offering and consider that strength underlay into to our And of annual visibility Sprint Dan. an runway compelling that that, with overall play is comprehensive a and $X to U.S. and business. business, we and In X%, with in generate growth and exposure by this infrastructure the to durability since steady excess future remarkable shareholders development Crown without well X% the significant creation. believe billion profile XXX provider capital growth absorb assets contributed the of differentiated our performing, demand and provides risks the of XXXX, disrupting dividend the generation dividend to strategy the our deliberate yield the made we that to will to cost billion while also excellent turn the assets -- context compound increased value the investing through our target year, next share of with X.X% of of attractive dividend over risk increases, the We will the believe provide growth a nearly current that expense in associated long-term exposure strategy makes time. small with with total headwinds in compelling the we cancellations of U.S. the new of is. history of development most of extend strategy of cells, that returned our attractive the investment long-term compelling our will that the execution per into business over significant of returns have can the our decisions of of we consider
