Millicom has become the latest MNO to announce plans to carve out its tower assets into a separate business unit with a view to demonstrating, and crystallising the value of the assets that currently sit hidden on its balance sheet.
What towers does Millicom own?
Millicom currently owns c. 10,000 towers split across eight markets. 42% of its total portfolio sits in Guatemala, with Honduras and Bolivia each home to just under 20% of the operator’s total tower stock, and the remaining markets having several hundred towers each (see figure 1).
