Europe towers: Telcos’ urge to merge remains turn-off for SBA

Richard Agnew2025-12-05T12:23:00

Source: SBA Communications

US wireless infra group remains watchful on M&A opportunities across the Atlantic, citing the latest wave of regional MNO mergers as a dampener on the business case for deals. CFO says SBA is “not going to step in front of a consolidating market”.

This article includes:

Themes: Churn risk; Client consolidation; Infrastructure investment; M&A opportunities; Market consolidation; Mobile network mergers; Network rationalisation; Private equity acquisitions; RAN sharing; Strategic expansion; Tower asset sales; Towerco footprint.
People: Ana Goshko; Diego Galli; Marc Montagner.
Geographic: Austria; Brazil; Chile; Costa Rica; Ecuador; El Salvador; Finland; France; Germany; Guatemala; Italy; Nicaragua; Panama; Peru; South Africa; Spain; Switzerland; Tanzania; United Kingdom; USA.
Organisations: American Tower; BlackRock; BofA Securities; Bouygues Telecom; Cellnex; Claro; Digi Spain; EDF Invest; GI Partners; Grain Management; Iliad; Infracos; Inwit; MásMóvil; MEAG; Orange; Phoenix Tower International (PTI); SBA Communications; SFR; S&P Global; Telefónica España; TIM; Vauban Infrastructure Partners; Verizon; Virgin Media O2; VodafoneThree; VodafoneZiggo; Vivo; Wind Tre.

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