Challenges for African middle-market towercos and Hotspot’s tower sale to IHS
An interview with Hotspot Network Limited COO, Charles Iyoha
Hotspot Network Limited established itself as one of Nigeria’s larger middle-market towercos, developing a portfolio of 160 sites in urban areas through build to suit agreements with Airtel and Etisalat. The company has just announced the sale of their tower portfolio to leading Nigerian towerco IHS. We speak to Hotspot Network Limited COO, Charles Iyoha to discuss the challenges towercos face in the Nigerian market, the motivations behind their recent tower sale, and what the future has in store for Hotspot.
TowerXchange: Please introduce Hotspot Network Limited.
Charles Iyoha, COO, Hotspot Network Limited:
Hotspot Network Limited was established in 2008 as an engineering services company focused on services which included telecom managed services, wireless solutions, satellite solutions, microwave solutions, engineering support service and co-location services.