Namibia’s Internet penetration rate is still well below 50%. The government is working to reduce this gap which could hamper its post-Covid economic recovery efforts. PowerCom, a specialist in providing ICT infrastructure and equipment, has started building new telecom towers across Namibia. This subsidiary of the 100% state-owned mobile telephone operator, Telecom Namibia, plans to invest 5.4...
MTN Group has appointed Citigroup and Standard Bank Group to advise on a sale and leaseback of some of the carrier’s South African telecommunications towers, according to people familiar with the matter. MTN is looking to raise between R5-billion and R10-billion from the deal, said the people, who asked not to be identified as the process...
MTN Group Ltd. is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, a sign that new Chief Executive Officer Ralph Mupita is looking to build on a disposal plan kicked off by his predecessor. Africa’s biggest wireless carrier is considering “the strategic and financial merits” of the plan,...
Telecom company, Airtel Africa has agreed to sell up to 4,500 telecommunication towers across five (5) African countries to reduce its $3.5 billion debt and aid the impending repayment of bonds. Africa’s second largest telco will sell off towers in Tanzania and Madagascar where it has a combined subscriber base of over 13 million people....
Wireless towers operator IHS Holding is exploring a potential initial public offering, shareholder Wendel said on Tuesday, in a deal that could be the biggest listing ever by an African company in the US. IHS on Friday flagged the listing, saying the timing, number of shares to be offered and price range of the proposed offering...
American Tower Corporation Nigeria (ATC Nigeria) has announced a deal with Indian firm Salasar Techno Engineering to increase the number of its telecommunication towers in order to meet an increasing demand for connectivity. Nigeria’s telecommunications industry continues to record growth, despite the impact of COVID-19. According to industry figures published by the Nigerian Communications Commission...
Helios Towers has appointed senior executive Jeffrey Schumacher as head of Helios Towers South Africa (HTSA), which was established in January with Vulatel, ITWeb reported. Schumacher has served as CEO of Helios Towers Ghana since September 2015 and of Helios Towers Congo Brazzaville since October 2016. He will oversee the company’s approach to the South African...
