Deal Analysis: American Tower to acquire Eaton Towers
Overlapping in three markets, Eaton Towers was always an ideal target for American Tower
Parting is such sweet sorrow, but a successful exit is just plain sweet! As we say goodbye to Eaton Towers as an independent entity, we say hello to a substantially larger American Tower EMEA and a substantial return for Eaton Towers’ investors. After changing tack last year and deciding against an IPO, Eaton Towers became an attractive acquisition target, and the obvious buyer was American Tower. With this announcement, American Tower and Eaton Towers have set a benchmark for in-Africa towerco consolidation. TowerXchange discusses the deal in detail, the effect on Eaton’s five markets, and what it means for towercos across Africa.