VOD - Analyzing How Deutsche Telekom Vodafone And Orange Are Monetizing Tower Assets

• After years of building and managing towers to host 4G and 5G antennae, Deutsche Telekom, Vodafone, and Orange are monetizing their infrastructure, with the British company being a step ahead.
• The reasons vary from high CapEx spending to sluggish growth while not forgetting their high debt levels.
• As for monetization strategies, they could take the form of outright sales of tower assets to towerCos or infrastructure plays.
• An industry-level merger whereby two of the three telcos merge could also turn out to be the preferred option, with Vodafone appearing to have more options.
• Whatever form it takes, monetization should unlock more value out of passive infrastructure assets and, as such, should positively impact valuations.

For further details see: