More Africa NewsOoredoo Group prepares to sell its telecom towers in Algeria and Tunisia

September 28, 2022by myles0

Operators are increasingly interested in monetizing their telecom tower assets. MTN, Vodacom, Telkom and Airtel Africa have already explored this option.

The Qatari telecommunications company Ooredoo Group announced on Monday September 26 that it plans to sell 20,000 of its telecommunications towers in several of its markets including Algeria and Tunisia. To carry out this operation, the company hired the American investment bank Morgan Stanley, report sources quoted by Reuters .

This transaction is expected to occur through a sale-leaseback agreement. It is in the second stage of the tender, which is expected to be followed by firm offers from investors, the sources said.

This move by Ooredoo comes as more and more operators are interested in monetizing their telecom tower assets. MTN finalized last June the sale of a passive infrastructure of 5,701 telecom towers in South Africa to IHS Tower. Airtel Africa launched in 2021 the sale of 2,227 telecom towers to Helios Towers in several African markets. South African operators Vodacom and Telkom preferred to set up separate subsidiaries for their tower assets.

If successful, the sale of its telecommunications towers should allow Ooredoo to collect additional income that it can invest in improving the quality and coverage of its services.

Source: Agence Ecofin

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