A decade ago, CALA was a virgin market in terms of towerco penetration and building and owning towers across the region definitely didn’t suit the fainthearted. But not long after the creation of a successful towerco industry across the United States, some bold investors and developers seized a similar opportunity in Central and Latin America, introducing a profitable vertical real estate business in markets like Brazil and Mexico. Ten years later, the regional industry has matured considerably, but still offers healthy levels of organic growth and big potential for M&A activity. Last July, the 6th TowerXchange Meetup Americas gathered several financial experts on stage to discuss where growth will come from and how the evolution of the towerco business model is impacting the investors’ appetite.