Telecom Tower Industry | TowerXchange’s Middle East and North Africa guide
A country-by-country guide to the tower industry in MENA: Q223 update
Towercos now own 60,534, or 21.6% of the 279,171 towers in the Middle East and North Africa are now owned by towercos, in line with TowerXchange’s prediction for towerco ownership to surpass 100,000 towers in 2024. The last year has seen three hotly anticipated deal close, ending the stop-start dynamic that had previously characterised the MENA tower market.
MENA tower heavyweights IHS Towers and TAWAL are no longer alone, with TASC Towers closing a 4,968 deal in Iraq, PIF-backed LATIS (Golden Lattice Investment Company) closing on Zain KSA’s 8,069 towers and Helios Towers at last acquiring 2,519 sites from Omantel.