Challenging macroeconomic conditions but a bullish outlook for Nigerian towers

How the tower industry has weathered the storm and plans to forge ahead

Read this article to learn:

  • How Nigeria’s macroeconomic climate has impacted the telecoms sector
  • Who owns Nigeria’s towers
  • IHS and American Tower’s 2016 performance
  • Investment in energy infrastructure and new rollout expected
  • Challenges the market will face

The past twelve months have been eventful for the Nigerian tower industry. IHS had a busy year acquiring HTN Towers, issuing a $800mn corporate bond, restructuring MTN’s equity in the company and kicking off their ‘big five’ energy initiative. American Tower began to build towers whilst continuing the integration and upgrade of Airtel’s sites and…

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