Neutral Hosts: A New Paradigm for Telecom Infrastructure What are Neutral Hosts? A neutral host can be defined as a third-party mobile network provider that enables multiple wireless service providers to use its infrastructure, such as 5G cell towers and small cells³. In other words, neutral hosts invest in telecommunications infrastructure, then lease it out on a shared-tenant basis. Neutral hosts are not a new concept, as they have been used for indoor coverage solutions for many years. However, with the advent of 5G and the increasing demand for network capacity and coverage, neutral hosts are becoming more relevant and attractive for outdoor and public scenarios as well¹. Types of Neutral Hosts There are different types of neutral hosts, depending on the scope and scale of their services. Some of the common types are: Tower companies (TowerCos) : These are the traditional neutral hosts that own and operate macro cell towers and lease them to mobile network operators (MNOs). TowerC