Towerco spending trends

08 June 2026 | Research and Insights

Michela Venturelli

Report | PPTX and PDF | Operator Spending| Wireless Infrastructure


"Discretionary capex is declining after a peak in 2022, as towercos focus on efficiency and profitability rather than expansion."

The top of a tower against the backdrop of a sunset

It is becoming essential for towercos to compare opex and capex profiles across regions, markets and asset classes. Analysing cost structures can help towercos understand how efficient they are in comparison to their peers. 

Information included in this report

  • An overview of the different components that contribute to capex, and their evolution over time
  • Insights into the key drivers of operating costs associated with the towerco business model
  • Analysis of cost structures across different markets and the approaches towercos are adopting to improve their economics
  • Key considerations for towercos that want to shift away from expansion and focus on a more efficient operating model

USD2199

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Author

Michela Venturelli

Senior Analyst