NEW YORK, March 7, 2012 /PRNewswire/ -- Crown Castle International Corp. (NYSE: CCI) will replace Constellation Energy Group, Inc. (NYSE: CEG) in the S&P 500 index after the close of trading on a date to be announced. S&P 100 & 500 constituent Exelon Corp. (NYSE: EXC) is acquiring Constellation Energy Group in a deal expected to be completed soon pending final approvals.

Crown Castle International owns, operates, and leases shared wireless infrastructure. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS Wireless Telecommunication Services Sub-Industry index.

Following is a summary of the change:

S&P 500  INDEX  – TBA

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Crown Castle

International

Telecommunication Services

Wireless Telecommunication

Services

DELETED

Constellation

Energy Group

Utilities

Independent Power

Producers and Energy

Traders

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Communications

S&P Indices

dave_guarino@standardandpoors.com

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S&P Indices

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212-438-3907

SOURCE S&P Indices

Copyright 2012 PR Newswire

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