The sale of sub-Saharan Africa’s tier two MNO tower portfolios begins
M&A Capital backed Al Karama Towers acquires Expresso Telecom’s 450 Senegalese sites and targets an underexplored niche on the continent
To date, potential tower divestments by tier two operators in sub-Saharan Africa have failed to attract the interest of the continent’s towercos. The sale of Expresso Telecom’s 450 Senegalese towers to newly formed towerco, Al Karama Towers, represents a landmark transaction for two reasons. Not only is it the first tower deal in Senegal, but it also represents the first tower sale by a tier two operator for five years. TowerXchange speak to Al Karama Towers investors, M&A Capital to learn more about this new towerco set to enter an underexplored area in the sub-Saharan tower industry.