TowerXchange Meetup Africa opened with the leader’s forum panel assembling the CXOs of Africa’s leading towercos to get a top-level take on the prevailing challenges and trends for African towers – and there certainly are challenges.
To little surprise, this past year was best described as “one of the most challenging periods for towercos” by one of our speakers as major macroeconomic headwinds impacted emerging markets, facing the weight of compounding regional and global down cycles.
Cost of capital
A running theme of the meetup was ‘cost of capital’, with American Tower reporting a doubling from three per cent to six per cent in the US.