Breaking new ground: how the first MENA deal could open the door to a flood of new tower deals
An overview of the mobile and tower markets in the MENA region
In the wake of the Eaton/MobiNil deal and following the commencement of two more substantial tower sales in the MENA region, TowerXchange assesses the opportunity to invest in an independent tower market in the MENA region, which towercos may be interested in acquisitions in the region and how the MENA tower landscape differs from comparable markets in SSA and Europe.
Mobile markets in MENA
The concept of ‘MENA’ is a fairly loose description, dictated by geography and religion rather than by socio-economic factors. Indeed, wealth and mobile usage in the region varies dramatically, with Gross National Income per capita hitting just US$3,000 in Morocco but reaching US$86,000 in Qatar, almost 30 times more (Source: World Bank).