Can towercos achieve scale in the Caribbean?
From the Dominican Republic to Cuba: risks and opportunities of doing business in an island economy
Seven hundred islands and almost forty million people. This is the Caribbean. For most people a dreamy vacation spot but for the tower industry; one of the few remaining untapped markets in the world. However, considering its fragmented geography and challenging logistics, are the risks worth the potential rewards? Could a towerco ever achieve scale in this region? And out of the myriad of islands, which ones are attracting more attention in terms of potential investments?
According to several sources we’ve approached during the recent TowerXchange Meetup Americas, there are 10,500-12,000 towers in the Caribbean and more than half of them are located in the Dominican Republic and in Haiti.