When the music stopped in the sale of Nigeria’s towers, HTN Towers and SWAP we’re left standing whilst IHS and American Tower sat on 69% of the country’s towers. It looks like a smart move to consolidate HTN and SWAP’s respective portfolios (Helios Towers Nigeria, now HTN Towers, has 1,203 towers, SWAP 702) within one sales and marketing operation, giving them a footprint in 34 of 36 Nigerian States and increasing their relevance in network planner’s thinking. The announcement that HTN Towers will manage and market SWAP’s sites may be a precursor to a full merger, before or after a potential IPO which HTN Towers is exploring.
HTN Towers + SWAP: first step toward a merger?
