HTN Towers + SWAP: first step toward a merger?
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HTN Towers + SWAP: first step toward a merger?

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HTN Towers’ footprint boosted by agreement to market SWAP towers, builds toward IPO

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.


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