Guyed towers are in general very light and slender structures and their behavior under static and dynamic loads is eminently nonlinear. Thus the analysis of its stability under static and dynamic loads is an essential step in obtaining an economic and safe project. In this work the static and dynamic stability analysis of a plain model of a guyed tower is studied. Special attention is given to the modeling of the stays; here they are modeled as spring elements (linear or nonlinear) or as inextensible cables. A study of the critical load and the postcritical nonlinear equilibrium paths is conducted based on the principle of the minimum potential energy A detailed parametric analysis is performed to identify the influence of the physical and geometric parameters of the system on the stability of the tower. This allows one to choose the best configurations for the stays. In the dynamic analysis special attention is given to the parametric study of the system natural frequencies. Based on the results of the static analysis, the global behavior of the tower under free and forced vibration is also analyzed. Due to the inherent nonlinearities, the tower may present dynamic responses typical of nonlinear systems such as jumps, period bifurcations and chaos.