Most potential tower transactions that come to market in sub-Saharan Africa eventually close. But the most common complaint is the amount of time it takes to close the deal. Webber Wentzel, a truly African law firm, has considerable knowledge of African towers having, amongst others, secured finance and advised on bids for IHS Africa. TowerXchange asked director of the Africa Group at Webber Wentzel, Steven De Backer, how to accelerate infrastructure sharing transactions.
TowerXchange: Why does it sometimes take so long to close infrastructure sharing transactions in Africa?
Steven De Backer, Director, Webber Wentzel:
Most of the tower deals in Africa seem to have taken longer than expected.
