The rent to own towerco
Seeking a new niche in the South African tower market, B140 are turning the towerco model on its head by going rent to own
B140 are a towerco with a difference. Rent to own is common in other industries, but rare in the towerco world, but this is the model B140 are deploying in South Africa. The towerco remains small, but has 17 completed sites with a current pipeline of 23 more, and agreements in place with South Africa’s two largest mobile network operators. TowerXchange spoke with their Managing Director Geoff Chennells about B140’s desire to disrupt the towerco industry and prove that their model can work.
TowerXchange: First please introduce yourself – what is your background and how did you get into the tower business?
Geoff Chennells, Managing Director, B140:
I was born and bred in KZN South Africa.