Last of the SSA land-grab; reigniting competition for South Africa’s towers
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Last of the SSA land-grab; reigniting competition for South Africa’s towers

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Following Telkom’s RFP, MTN are rumoured to be again considering bringing their towers to market. Who will succeed in securing Africa’s most profitable market?

The South African towerco market

Towercos own just 10% of South Africa’s estimated 22,288 telecom towers, making the country the least penetrated of SSA’s attractive tower markets. To date two of Africa’s ‘Big Four’ towercos control assets in the country – Eaton Towers has built over 170 towers with a pipeline of several hundred more and a tenancy ratio north of two, and American Tower markets 1,918 towers, 1,400 of which were acquired from Cell C back in 2010 in a US$430mn deal which at the time was reported to include up to 1,800 towers to be constructed, the majority of which have evidently not been built.


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