Another year of growth for Africa’s biggest rural towerco
AMN has ambitious plans to reach 10,000 sites in over 20 countries by 2025
AMN (Africa Mobile Networks) deployed their first base station in January 2014 and has since grown to operate over 3,300 sites across 13 different African countries. TowerXchange speaks with AMNs CEO Mike Darcy about his plans for the year ahead, how rural towercos have become masters of their craft, and the opportunities for NaaSCOs to expand from the geographical fringes to compete directly with conventional towercos.
TowerXchange: Tell me about the US$20mn loan from Finnfund and BlueOrchard Finance and how it will help AMN reach your ambitious target of 10,000 towers across 20 countries by 2025?
Mike Darcy, CEO, AMN:
Financing is a central facet to our business plan and we require a lot of capital with total investments to date reaching over US$100mn.