MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers. Last November, the telecommunications operator – which is part of Johannesburg-headquartered MTN Group – said it had reached an agreement with IHS to sell a big chunk of its local tower portfolio in a R6.4-billion deal. MTN agreed to sell the “passive” parts...
Pan African Towers (PAT), one of Nigeria’s leading telecom and digital infrastructure provider has appointed Azeez Amida as its Chief Executive Officer to oversee its business operations. The appointment which took effect on April 1, 2022, will see Amida, 38, lead PAT in its drive to strengthen its position as Nigeria’s largest indigenous Telecom and...
The demand for broadband connectivity is growing in Africa. Atlas Tower Kenya wants to provide Kenyan telecom operators with the capabilities they need to respond effectively to this demand. The company has applied for IFC financing for this purpose. The International Finance Corporation (IFC), a branch of the World Bank Group focused on financing the private sector...
Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance...
Airtel Africa PLC and Helios Towers PLC on Friday said that they closed the sale of Airtel Africa’s telecommunications tower company in Malawi to Helios Tower. The sale of Airtel Africa’s tower company in Malawi was first announced in March of last year. In February of this year, the companies both noted that they were...
Many telecom operators on the continent are moving towards asset relief models by entering into sale-leaseback agreements for telecom towers with specialized companies. The tower sale operation launched in 2020 by MTN South Africa is gradually entering its finalization. IHS Towers has obtained regulatory approval from the Competition Commission of South Africa (CompCom) for the acquisition...
The Competition Commission has okayed the acquisition by New York-listed IHS Towers of thousands of telecommunications towers owned by MTN South Africa, but has attached stringent conditions to the deal. The commission said late on Wednesday that the sale of 5 713 “passive tower infrastructure sites” by MTN could go ahead. However, it said the transaction raises...
Airtel Africa announced that it entered into memorandum of understanding agreements for the potential sale of its tower assets in Chad and Gabon to Helios Towers. Their previous arrangement announced nearly a year ago expired 24 February, as completion is still subject to Helios Towers obtaining a passive infrastructure licence. Source: Telecompaper.com
SealTowers Limited, a licensed Kenyan Cell Tower Company, and Everstrong Capital have today announced the signing of an agreement that will see Everstrong making a majority equity investment in SealTowers. The transaction is subject to all required third party and applicable regulatory approvals. This investment, structured through the Everstrong Kenya Infrastructure Fund, will form part of the...
Telecommunications tower operator IHS Holding has appointed Sandile Msimango as vice president and CEO of its South African operation after its recent R6.4-billion towers deal with MTN Group. MTN announced in November 2021 that IHS would buy its South African tower portfolio. IHS is acquiring the “passive” components of the towers, not the “active”, or radio parts, pending...
