Major new build forecast in the Egyptian tower market
Could we see towerco activity ramp up without a major sale and leaseback deal?
Egypt represents one of MENA’s largest mobile markets. With one of the highest number of SIMs per tower in the region, the entrance of a fourth operator and the awarding of 4G license in the past 12 months, significant opportunity exists for new build, co-locations and tenancy amendments. Such opportunities have piqued the interest of international tower companies. TowerXchange examines the tower landscape and growth opportunities putting Egypt in the spotlight.
Market expansion in Egypt
In 2017, the number of subscribers in the Egyptian market passed the 100 million mark, only the second country across the whole of Africa and the Middle East to hit the figure (with Nigeria having been the first).