AfrodealingToday

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

MTN, Sonatel Lead Tower Sales In Sub-Saharan Africa

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 1165
  • 0 Comments
  • Subscribe to this entry
  • Print
  • PDF

Sub-Saharan telecoms firms like MTN and Sonatel have in recent years disposed of their towers to firms that manage mobile infrastructure like the American Tower Company (ATC) and IHS, according Imara Africa Equity Research.

This, according to the research house, is a trend that is emerging in sub-Saharan Africa as these companies prefer to pay attention to products and services.

In its latest report, Imara Africa has claimed that mobile phone giant MTN sold its towers in Ghana and Uganda to ATC towards the close of 2011 and 2012. In Ghana, MTN sold 1826 base stations for $428 million to a joint venture known as TowerCo Ghana.

In Uganda, MTN sold all of its 1000 towers to the Ugandan joint venture, ATC Uganda, for about $175 million, according to the report. In a deal with IHS, MTN disposed of an additional 1728 towers in Cameroon and Ivory Coast for $284 million towards the end of 2012.

Last December, MTN disposed of 1223 towers in Rwanda and Zambia, also in a transaction with IHS, the report said.

MTN CEO, Sifiso Dabengwa, earlier noted that the sales will free-up management’s time so it can pay more attention on other import strategic things.

Sonatel, which is owned by the French telecoms giant, Orange, has also entered the fray, with the emergence of reports claiming it had been given the mandate of selling its towers. It is understood, according to Imara Africa, that IHS is the likely buyer of these towers.

Sonatel owns over 3000 towers in West Africa, 1600 in Senegal, 1000 in Mali, 400 in Guinea and 85 in Guinea- Bissau. The towers are projected to be worth $500 million.

 

© Ventures-Africa

0

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Monday, 25 January 2021

Join Afrodealing now, It is free!

First Name:
Last Name:
Username:
E-mail:
Password:
Verify Password:
Gender:
City:
Country:

     

New Faces

Afro Business Club

  • Manage and expand your network
  • Let your people find you
  • Find experts with a mouse click
  • Market yourself in a professional context
  • Open up new channels...

Afro Yellow Pages

  • Looking for something, find it here
  • Want to promote your business in the Afro Business Club, add it here
  • Make your comments here and read that of others to make a better choice

Afro Ads

  • The best place for your announcements