HTN Towers + SWAP: first step toward a merger?

HTN Towers’ footprint boosted by agreement to market SWAP towers, builds toward IPO

Read this article to learn:

  • The Nigerian tower market: tower count, penetration, build rate, towercos and PaaS
  • Why HTN Towers and SWAP got left in the cold when over 16,000 MNO towers were sold in 2014-15
  • Why HTN and SWAP’s portfolios are still highly investible
  • HTN Towers’ new pan-African remit – one opportunity that might be a good fit
  • What does the future hold for HTN Towers+SWAP?

When the music stopped in the sale of Nigeria’s towers, HTN Towers and SWAP we’re left standing whilst IHS and American Tower sat on 69% of the country’s towers. It looks like a smart move to consolidate HTN and SWAP’s respective portfolios (Helios Towers Nigeria, now HTN Towers, has 1,203 towers, SWAP 702) within one…

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