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Spanish group has amassed a vast mast empire but faces growing debt and competition
Masts owned by the Three mobile brand is latest telecoms infrastructure asset to be spun off by an operator
Groups such as Vodafone keep control but wave of consolidation predicted among smaller players
Spanish telecoms group building war chest as it eyes acquisitions worth €11bn
French telecoms group will split masts in most European markets into separate companies
The justification for an expensive bet depends on finding cheaper tower assets
Deal comes as Vodafone and O2 push ahead with stake sale in their jointly owned tower company
Investors who think service agreements are debt-free must have their wires crossed
Swiss telecoms company is latest to offload physical infrastructure to cut costs
Vincent Bolloré has marched all over Italy
A mobile mast sector is forming with portfolios being sold by operators looking to fund investments
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