Telecom Tower Industry | TowerXchange’s Asia guide
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Telecom Tower Industry | TowerXchange’s Asia guide

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A country-by-country guide to the tower industry in APAC: Q1 24 update

The opening months of 2024 has seen a continuation of the consolidation and M&A that ended 2023. Exciting transactions continue to reshape some Asian countries’ digital infrastructure climate. In February, PhilTower Consortium and MIDC announced plans to create a Philippine-wide digital infrastructure joint venture, subject to regulatory approval. The JV would be one of the first examples of towerco consolidation in the Philippines, a market with dozens of towercos active.

Earlier in January, Indian towerco Summit Towers snapped up just over 2,000 towers from VEON-owned Banglalink in a in a sale and leaseback deal worth US$100mn, with VEON pivoting its strategy into becoming an asset-light digital operator.


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