European telcos cash in on tower assets as high-cost 5G investment looms

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(The Star)

European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion dollar price tags for antennas buzzing with ever more data ahead of the advent of 5G.

Faced with straitened revenue growth and stubbornly high debt built up during the last network upgrade, telecoms companies are relishing the quick cash injections they can get from selling these portfolios, or future income from spin-offs. 

Upgrading networks, including towers, for 5G – which promises an age of self-driving cars and brain surgery performed at a distance – will soak up some $890 billion between 2020 and 2025, the GSMA industry body says.

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