Perfect storm for investment in Mexican towers
Opening market should see the cost of individual towers drop and push for further tower sharing among key players
The next two years could prove to be a huge boon for the towers industry in Mexico, as regulatory, economic and business environment factors contrive to create a perfect storm for investment in the country. It is one of the more attractive markets from a telecoms perspective as it is the second most populous country in Latin America, with a population of over 111mn. However, it records one of the lowest mobile penetration rates in the region at 92.1%, according to BMI data as of September 2013. While most other Latin American markets are well over 100%, growth in Mexico has been held back by the dominant presence of América Móvil.