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Asean telecom tower owners draw investors on structural growth, stable cash flows 

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Yong Jun Yuan

Yong Jun Yuan

Published Tue, Mar 7, 2023 · 05:50 AM
    • Tower operators in South-east Asia are taking advantage of the favourable sentiment to raise money and expand.
    • Tower operators in South-east Asia are taking advantage of the favourable sentiment to raise money and expand. PHOTO: BLOOMBERG

    TELECOM tower companies in South-east Asia are attracting investors in search of steady returns amid a volatile market. Such companies also appear well-positioned to benefit from increased mobile data usage and digitalisation in the region.

    A Boston Consulting Group (BCG) report published in December 2022 found that telecom infrastructure companies generated an average annual three-year total shareholder return of 16 per cent – above the telco industry median of 9 per cent.

    BCG managing director and partner Olivier Rival said tower companies (towercos) are generally stable businesses.

    TelcosInfrastructureAsean BusinessAsean

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