The Market size is estimated at USD 28.48 billion in 2024, and is expected to reach USD 32.76 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).
Latin America's telecom tower sector is dynamic, propelled by rising mobile penetration, the rollout of 4G and 5G networks, and surging demands for high-speed internet. These towers serve as vital infrastructure, underpinning the region's communication networks for mobile and wireless services.
The Latin American telecommunication tower market is fragmented, with the presence of major players like American Towers and Phoenix Towers International. Players in the market are adopting strategies such as partnerships, agreements, innovations, and acquisitions to enhance their service offerings and gain sustainable competitive advantage.
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