Telecom Tower Industry | TowerXchange’s Sub-Saharan African guide
A country-by-country guide to the African tower industry: Q423 update
2023 has been one of the toughest years for the African tower industry. After years of relatively affordable and accessible funding to drive M&A and greenfield growth, increasing costs of capital driven by inflation hikes, currency depreciation and both turbulent global and regional macroeconomics means capital allocation has become far more conservative.
All towercos great and small have been impacted. Helios Towers, having closed a series of M&A deals over the last few years culminating in the sale of Oman Telecoms sites in Oman in 2023, is shifting towards operational efficiency, shoring up their new portfolios, and increasing tenancy ratios.