Tower deal imminent in Rwanda
MTN continue to be linked with potential deal with American Tower in Rwanda
Multiple sources have described a tower deal in Rwanda as “imminent” with Citi believed to be advising market leaders MTN Rwandacell on a potential deal with American Tower.
With penetration at 59.5% in Rwanda, there’s plenty of room for growth, and the government has a very progressive attitude toward LTE - positive signs for prospective towerco investment, although local regulator RURA’s efforts to stimulate bi-lateral infrastructure sharing may be a disincentive.
Some reports suggest MTN is bundling the sale of around 1,000 towers in Rwanda with an estimated 400 towers in Zambia, but this rumour has not been confirmed.