Telecom towers are an increasingly important investment opportunity as they are absolutely essential to everyday communications throughout the world. Operators need to develop larger, denser and more efficient networks to better handle the rising demand for mobile services as their customers continue to gain access to advanced handsets and high bandwidth applications. This has led to a growing number of independent companies owning telecom tower infrastructure, as they can offer shared networks that can cut costs for the large mobile operators. The owners of the towers are paid rents by the operators, under long-term, typically non-cancellable contracts with annual escalators. Owning masts has become an increasingly attractive investment for private and public investors keen to put capital to work in infrastructure based assets with consistently compounding cash flows.

So, what are some of the key advantages of independently owned tower companies?