# Rising Rates, Rethinking Routes: The Future of Telecom Infrastructure Investment in a High-Interest World

By Phillip Colmar · Published 2024-01-08 · Updated 2026-03-12 · Engineering & Construction on MarketScale
Canonical: https://www.marketscale.com/industries/engineering-and-construction/future-telecom-infrastructure-investment-high-interest-world

> Telecom providers must fundamentally reshape capital spending priorities as borrowing costs squeeze already thin infrastructure margins

## Key points

- Telecom providers must fundamentally reshape capital spending priorities as borrowing costs squeeze already thin infrastructure margins

Block Field

In light of the global trend of central banks adopting a [‘higher for longer’ interest rate policy](https://www.reuters.com/markets/rates-bonds/global-central-banks-unite-higher-longer-credo-2023-09-21/), how will telecom companies adjust their investment strategies in response to the increased cost of capital? What implications will [rising borrowing rates](https://www.imf.org/en/Blogs/Articles/2023/10/10/higher-for-longer-interest-rate-environment-is-squeezing-more-borrowers) have for the future of telecom infrastructure investment?

[**Phillip Colmar**](https://www.linkedin.com/in/phillip-colmar-b3a82514/), Global Macro Strategist at [**MRB Partners**](https://www.mrbpartners.com/), highlighted telco companies’ financial challenges in the current economic climate. Colmar, an experienced strategist and economist specializing in global multi-asset investment strategies, underscored the necessity of a strategic shift to adapt to the [evolving economic landscape](https://marketscale.com/industries/business-services/interest-rates-2024-investments/) and its effects on telecom infrastructure development.

“It is true that those telco companies that have been spending on this infrastructure and a reliance on funding to pay for it are now gonna face much higher borrowing rates,” he said.

> It is true that those telco companies that have been spending on this infrastructure and a reliance on funding to pay for it are now gonna face much higher borrowing rates.
> *— Phillip Colmar, Global Macro Strategist at MRB Partners*

Tags: Phillip Colmar, rising interest rates, telecom industry, The Macro Research Board

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