TowerXchange have spoken to dozens of private equity, institutional and strategic investors keen to put capital to work within the emerging European telecom tower market. So what are your investment options in Europe? Investors in listed entities Cellnex and Inwit have to date enjoyed buoyant valuations – but that opens only passive investments restricted to date to Southern Europe. TowerXchange have identified 26 independent towercos in Europe, and many are highly investible, but most are well capitalised and few are seeking new equity partners. How about Europe’s ten joint venture infrastructure sharing companies? Not easy: few if any currently solicit third party investment.