Read this article to learn:
The shape of Millicom’s tower portfolio
Plans for monetisation
Millicom’s history of monetising towers
The competitive landscape across Millicom’s countries of operation
After rumours started swirling, Millicom confirmed plans in early 2022 to carve out its infrastructure across all of its LATAM operations where it retained its towers. By doing this Millicom hopes to crystallise the value of those assets and to significantly improve the carrier’s valuation in the coming years. What does the portfolio of the new towerco, the sixth largest in Latin America, look like?
Figure 1: Lati's markets
41% of the new company’s total portfolio sits in Guatemala, with Honduras and Bolivia each home to just under 20% of sites, with the remaining markets having several hundred towers each (see figure 2).