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The potential for, and implications of, consolidation among African MNOs and towercos


UBS’s telecoms equity research analyst summarises his views of potential changes in the African telecom map in the coming five years

Is operator consolidation a friend or foe of the independent towerco business model? What shape could future MNO consolidation take in Africa? Is it better to have fewer, more credit worthy counterparties? TowerXchange spoke to UBS’s telecom equity research analyst Chris Grundberg to find out how he sees the map of African MNOs and towercos changing in the coming five years.

TowerXchange: Please introduce yourself and your research at UBS.

Chris Grundberg, Head of Equity Research – South Africa, UBS Investment Bank:

My name’s Chris Grundberg, and I’m the Telecoms Equity Research Analyst covering African markets at UBS Investment Bank, as well as the Head of Research for South Africa.


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