Financing options and exit strategies for MEA’s towercos
How bonds, IPOs, increasing investor confidence and diversification of the towerco business model are affecting the landscape
Vinson and Elkins hosted a discussion with Standard Chartered, the IFC and OPIC at 2016’s TowerXchange Meetup in Johannesburg, examining how the finance and investment landscape is changing in the African and Middle Eastern tower industry. Discussion topics included IHS’s bond, the role of local banks, potential exit strategies for SSA’s privately owned towercos and IPOs that we could see on the horizon; what are the key trends that we need to observe?
The IHS bond
With news of the IHS bond fresh off the press at the time of the 2016 Meetup, the subject was the opening discussion point on this year’s finance panel.