Telesites isn’t just a new entity in the Mexican tower market, but a towerco evolved from the genes of one of the strongest mobile network operators in the Central and South American telecom landscape. A towerco which started trading with close to 11,000 towers in the unique Mexican tower market. Analysts have been underwhelmed with Telesites, and the company’s IPO was followed by a swift devaluation. However, closer analysis reveals a good reason for the volume of post IPO sales, while Telesites build volume has been impressive. The key challenge remains achieving the company’s bullish forecast of a tenancy ratio of 1.5
Is Telesites a force to be reckon with?
