TowerXchange’s analysis of the Sub-Saharan African tower industry
Over 30 tower transactions of scale have been completed in the Sub-Saharan African market and towercos now own 62,990 (39.9%) of the region’s estimated 158,359 towers.
The first edition of the TowerXchange Journal for 2020 sees the completion of 2019’s biggest deal. Announced on the 2nd January, American Tower secured the necessary regulatory approvals to close its acquisition of Eaton Towers. Eaton Towers’ sites were eventually valued at a little over US$325k per tower, however that overstates the per tower valuation as American Tower has also acquired a substantial build-to-suit pipeline. In the seven months since the deal was announced around 200 sites were built by Eaton Towers with a similar pace of build to continue for several years as networks continue to expand, especially in Kenya and Uganda.