China Tower Company absorbs 1mn towers
Tower companies now own two in three of the world’s telecom towers
China has become the latest telecom market to adopt the tower company business model, unlocking capex and opex savings through infrastructure sharing. With the injection of around a million legacy tower assets into China Tower Company (CTC), towercos now own 2,025,946 of the world’s ~3mn towers. MNOs who retain their towers are now in the minority – this transaction marks a new landmark in the separation of telecom real estate from retail telecommunications, a process many accredit as having been started by SBA Communications, Crown Castle and American Tower in the U.S. back in the mid nineties.