Analysis of IHS’s sale and leaseback of 2,136 towers from Etisalat Nigeria
TowerXchange's analysis of the IHS success story - transforming from a regional BTS and managed services player into a continental market leader
Another day another deal in African towers – they’re coming thick and fast, and the pipeline of future transactions is still bulging. Today is the turn of Etisalat Nigeria, who transferred 2,136 towers to IHS Africa under a sale and leaseback deal, marking the first of several imminent major tower deals in Africa’s #1 telecoms market. In this editorial, TowerXchange CEO Kieron Osmotherly highlights pertinent details from the deal announcement, looks at the changing shape of the Nigerian tower market, and shares his commentary on the enlarged IHS.
Etisalat Nigeria announced the sale of 2,136 towers to IHS on August 7 2014, making the operator the first to market of the three major GSM operators selling their Nigerian towers.