Pan African Towers embarks on its next strategic phase
Nigerian towerco Pan African Towers gets fresh investment backing from a familiar face and a newcomer to the towerco sector
Nigerian towerco Pan African Towers (PAT) has announced a new strategic investment partnership with Africa-focused strategic investment firm Development Partners International (DPI) and investment management firm Verod Capital.
The investment comes with a renewed strategic direction for the Nigerian towerco, reaffirming its position as the country’s largest homegrown digital infrastructure provider.
Azeez Amida, CEO of PAT, said: “As a proud Nigerian-founded and run business, Pan African Towers is on a mission to accelerate the Nigerian market and support the growth of the mobile telecommunications sector in the country. We also have a clear strategic vision to grow the business sustainably, including actively reducing the carbon footprint of our network to uphold best-in-class ESG practices.”