American Tower consolidates its position in Africa
Big Four become Big Three, with Eaton Towers acquisition completed by American Tower
Happy New Year to the team at American Tower Africa, which begins the year with the completion of its acquisition of Eaton Towers, and its sites in Ghana, Kenya, Uganda, Niger and Burkina Faso. First announced in May 2019, the transaction closed as predicted at the end of Q4, adding approximately 5,700 sites to American Tower’s African portfolio, bringing American Tower’s global portfolio to approximately 177,000 sites.
American Tower reports that the value of the acquisition, subject to certain post-closing adjustments, and including the assumption of Eaton Towers’ debt, was approximately US$1.85bn,