Tower Bersama: The next multi-country Asian Towerco?
How and why are Asia's towercos breaking the single-country mould?
Three short years ago and the only major towerco to have established a presence in multiple markets across Asia was edotco Group. With towers in Malaysia, Bangladesh, Cambodia, Myanmar, Pakistan, Laos, Sri Lanka and most recently Indonesia, the Axiata carve out was the rule proving exception that made Asia unique in terms of its market structure.
In Africa, the likes of Eaton Towers, American Tower, IHS Towers and Helios Towers had been quick to embark on multi-market acquisition policies. In the Americas, SBA Communications, American Tower DigitalBridge, Phoenix Tower and now Millicom’s Towerco and American Movil carve out Sitios Latinoamerica all operate in over half dozen countries.