Towercos: strategies to support revenue growth

19 June 2026 | Research and Insights

Michela Venturelli

Strategy report | PPTX and PDF | Wireless Infrastructure


"Non‑tower revenue is expected to rise steadily for towercos, which are now showing a more deliberate commitment to diversification."

View of a telecoms tower from below

Many towercos are exploring diversification, but progress has been limited. However, muted organic revenue growth and slower inorganic activity are now pushing the industry towards firmer commitments beyond the traditional tower model. This comes with a downside: developing existing assets to expand into new areas, such as fibre and energy, can prove prohibitively costly for some.

This report provides:

  • an overview of the growth opportunities available to towercos as they seek to generate new revenue streams
  • a breakdown of the key challenges towercos face when expanding into service areas beyond the traditional tower business
  • an assessment of the strategies used by leading towercos to evolve their offerings in line with sector developments.

USD2199

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Author

Michela Venturelli

Senior Analyst