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­Tower sale-and-leaseback agreements provide an opportunity for mobileoperators to cut costs and focus on services, but bringing multiple operatorsonto the same infrastructure is not a trivial undertaking, according to a newreport from Pyramid Research."Tower outsourcing and sharing deals are giving operators theopportunity to reduce capital and operational expenses through a more efficientuse of assets, enabling them to focus on innovative services in more relaxedcost structures," says Kerem Arsal, Analyst at Pyramid."The expectation is a win-win for all players: Mobile operators willoffload their capital requirements and reduce their operational expenses, andtower companies will exploit economies of scale by accessing the needs ofmultiple operators simultaneously," he adds. The markets will benefit as awhole as lower operating costs translate into lower prices and new, moreaffordable services.Pyramid believes that in markets where there are clear differences betweenmarket leaders and other players, leading operators may be attracted to thelogic of blocking competitors' economies of scale as much as increasing theirown. "In such cases, tower sharing is more likely to be observed as analliance among smaller players, while leading players remain unwilling toprovide access to their towers unless considerable privileges areprovided," notes Arsal. "Large and resourceful operators that aretrailing behind a leader in a specific market can also sponsor tower-sharingefforts," he indicates.Aside from the immediate benefits of capital gains and operational costreductions, mobile network operators need to strategically assess the long-termimpacts of relinquishing control of their assets. "MNO's should also seetower operations as a means of making alliances and altering competitivedynamics," adds Arsal.
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