The telecom tower industry has experienced significant changes over the past decade, primarily driven by the rapid growth in mobile data consumption, the rollout of 4G and 5G networks, and the need for operators to optimize their capital allocation. These factors have fueled a dynamic mergers and acquisitions (M&A) landscape, with mobile network operators (MNOs) increasingly divesting their tower assets to tower companies (towercos) or infrastructure funds.
Matt Edwards,
April 01, 2024