IHS to acquire 1,113 towers from Airtel in Zambia and Rwanda for US$181mn

IHS consolidates market leadership in the two countries; Airtel’s African tower sale has raised US$2.3bn to date

Read this article to learn:

  • The structure and value of Airtel’s tower transaction with IHS in Zambia and Rwanda
  • The Rwandan tower market post-acquisition and the launch of ORN
  • The Zambian tower market post-acquisition
  • A comparison of the cost per tower paid by each of Africa’s ‘Big Four’ towercos in transactions to date with Airtel

IHS recently announced the acquisition of 1,100 towers from Airtel in Zambia and Rwanda. In fact the provisional tower count is 929 in Zambia and 184 in Rwanda, for a total of 1,113. We estimate the deal value to be US$181mn, placing the transaction in the 3rd quartile in  terms of cost per tower among…

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