Greek tower market opens up
Macroeconomics and the dominance of market leaders Cosmote creates an incentive for Greek’s challenger MNOs to monetise their towers
Greece’s telecoms market has been subject to some very tough economic conditions in recent years, leading to lower sector revenue and investment. Operators across the board have seen gross profits tumble year after year, and the continuing economic turmoil will make market conditions particularly tough during the next few years. At the Greece roundtable at the TowerXchange Meetup Europe 2016, the parlous state of the Greek economy was extensively discussed. The general consensus amongst the participants was that the telecoms market had reached a tipping point, making the entry of an independent tower company a distinct possibility.