M&A, towerco consolidation and maturation in sub-Saharan Africa
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M&A, towerco consolidation and maturation in sub-Saharan Africa


How the region’s tower industry is set to evolve

2016 saw the start of in-market towerco consolidation as well as the opening up of tier two MNO tower transactions; with MNO consolidation on the horizon, towerco shareholders looking to exit their investments and the rollout of 4G starting, Helios Towers Africa, Eaton Towers, Al Karama Towers and Citi explain how they expect the sub-Saharan African tower industry to evolve.

MNO consolidation and tower transactions

Since 2010, sub-Saharan Africa has seen MNOs divest almost 40,000 towers to independent towercos in a total of 28 transactions, in some instances retaining equity and in others electing to sell completely.


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