In April 2015, Eaton Towers announced the first tower transaction in MENA, striking a deal with Mobinil (now Orange) for the sale and leaseback of over 2,000 Mobinil towers. Fast forward to July 2016 and the deal is off, with Orange failing to extend the longstop date for completion of the transaction. TowerXchange take a look at the Egyptian market and details surrounding the cancelled transaction to examine how the independent tower industry may now evolve in Egypt.
Egypt is one of MENA’s largest mobile markets with 93.7mn mobile connections and mobile broadband penetration standing at 42%, up 28% on 2014 figures (GSMA intelligence).
