Updates on potential African tower transactions (Dec 2013)
Airtel bringing 15,000 towers to market
The big headline this month is Airtel selling all 15,000 of their African towers. Read all about it here.
Interest in Egyptian towers cooling
The deadline for Mobinil’s proposed sale and leaseback of approximately 2,500 towers has reportedly been extended, and the opportunity remains ‘on the radar’ for several towercos and local market investors.
Continuing civil unrest means TowerXchange has downgraded this transaction from “imminent” to “rumours of a potential transaction have been confirmed.”
Etisalat are reportedly in the early stages of a tower sale in Egypt.
Tier one MNO towers coming to market in Nigeria?
TowerXchange has confirmed that Etisalat has appetite and intent to sell around 4,000 towers in Nigeria, and that a green light from the board is all that remains before bringing the towers to market.