On February 9, Am’rica M’vil (AMX) announced its plans to spin-off its CALA tower assets. While this move has been in the back of our minds for a while, it has now hit us with its magnitude and the real impact it is likely to have on the CALA telecom tower landscape.
The announcement followed the release of AMX’s quarterly figures, which showed an 80% jump in profit and a sharp increase in post-paid mobile subscribers. Net profit of US$1.87bn in Q420 was also driven by a favourable exchange rate.
To date, this is the information TowerXchange was able to gather on the move.
