The battle for Telecom Egypt’s towers
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The battle for Telecom Egypt’s towers

Telecom Egypt prepares for the country’s first tower transaction on 2,500 sites

Telecom Egypt tower transaction.png

Telecom Egypt has been in talks with several local and foreign companies for a potential sale leaseback of a significant portion of its tower portfolio, with bids reportedly ranging from US$150m to US$250m for approximately 2,500 of Telecom Egypt’s 2,800 towers. This puts Telecom Egypt’s valuation per tower at between US$60,000 – US$100,000.

These 2,500 sites are understood to be around 50% macro towers and 50% rooftop sites, with most of the network in urban areas. The deal is also understood to include a build-to-suit commitment of 1,500 – 2,000 sites.

Local newspaper Daily News Egypt reported that three bidders were involved in the process; IHS Towers, Helios Towers and local towerco Mobi Tower.


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