Tuesday, December 27, 2022

Telecom Assets Hold Value as Economy Becomes Unsettled

By J. Sharpe Smith, Inside Towers Technology Editor

Even with today’s higher interest rates and inflationary environment, the market for telecom infrastructure properties remains very robust. That’s according to Pinpoint Capital Advisors, a boutique corporate finance advisory firm specializing in the wireless tower, fiber and data center sectors. Both lenders and equity providers are finding the assets extremely attractive, according to Adrian Grandilli, CFA, Associate Vice President. However, the mix of interested investors is skewing away from private equity firms and toward institutional groups.

“We're already seeing an increased appetite from infrastructure and institutional investors who have the ability to transact at these lower returns brought on by higher borrowing costs and inflationary pressures,” said Grandilli, who has worked on a number of mergers and acquisitions (M&A) and capital raising mandates since joining Pinpoint in 2016. Continue Reading

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