“we remain confident in driving organic growth, in line with our mid-single-digit expectations in the region going forward.”

In context

“ors throughout past network cycles. Since closing the Telxius acquisition, which increased our asset count in the region over five times, we further enhanced our ability to serve our customers by internalizing critical activities that align with our global competencies, reducing reliance on external vendors, strengthening our process management leadership and when possible, integrating our teams directly with our customers to expedite decision making and improved processes. Our disciplined approach to market entry and effective operational execution have yielded an attractive growth profile in Europe. On the organic side, healthy carrier demand combined with the benefit of CPI linked escalators have yielded an average of over 7% organic tenant billings growth over the past three years and we remain confident in driving organic growth, in line with our mid-single-digit expectations in the region going forward. To complement this organic growth, we also invested in increased newbuild activity, delivering 1,200 new sites since the start of 2021. Additionally, we've improved the process of getting new colocations on air to further evolve the neutral host model and reduce the carrier's total cost of ownership. This required engagement with regulators, landlords, tenants, vendors and the enhancement of our own internal skill sets that's paying off as approximately 70% of our expected organic new business growth in 2024 is coming through colocations, of which over a quarter are on rooftops. Taken altogether, we see a long runway of sustained growth with optionality to further capitalize on a multi-year pipeline of attractive development opportunities. As carriers continue to rapidly deploy mid-band s”