Towercos should be aggressive yet responsible in M&A
Finding the balance between scaling up and taking on too many risks remains key
During the fourth TowerXchange Meetup Americas, Dagan Kasavana, CEO of Phoenix Tower International (PTI), David Porte, Vice President - International at SBA Communications (SBA) and Diego Mahecha, CFO of Andean Tower Partners (ATP) took centre stage for a panel discussion on the drivers of inorganic growth and the future of acquisitive towercos across CALA.
Jon Atkin, Managing Director at RBC Capital Markets moderated the session and started by asking panelists for an introduction of their respective companies and to discuss where CALA towercos are looking for growth nowadays.
Porte introduced SBA as a “classic tower company that owns, buys and operates towers” and with regards to the growth expectations in CALA he stressed that if growth is defined by new MNO portfolios coming to market in CALA, then we are likely to experience a slow few years ahead.