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BMI industry trend analysis: African towercos – comparing the ‘Big Four’


BMI View: IHS Towers and American Tower Corporation’s acquisition of Nigeria’s towers has enabled them to cement their positions as the leading players among Africa’s big four tower firms. If Helios Towers Africa and Eaton Towers cannot outbid their larger rivals for new assets in the remaining attractive markets, they may seek scale through a merger or become acquisition targets.

In order to gain a true understanding of the strengths and weaknesses of each of Africa’s big four tower firms, we have used our telecoms forecasts, macroeconomic forecasts and operational risk data to assess the size and growth outlook across each company’s footprint in the region.


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