MTN’s passive infrastructure monetisation strategy

MTN has raised ~US2.5bn to date, retaining equity in selected markets. With assets transferred to towercos in seven MTN countries to date, what’s left?

Read this article to learn:

  • Summary of MTN’s tower transactions to date
  • The prospects of an MTN tower deal in South Africa
  • The adverse effect of country risk and the BOT agreement on the prospects for tower deals in Syria and Sudan
  • The adverse effect of International sanctions on the prospects for a tower deal in Iran
  • Tower deal possibilities within MTN’s small opco cluster, particularly Congo B, the Guineas and Afghanistan

MTN has monetised their towers in seven sub-Saharan African countries – representing the majority of the most attractive portfolios to towercos. While Airtel concluded a portfolio asset sale, albeit to multiple counterparts, MTN has proceeded one country at a time – raising a similar amount to Airtel, albeit with MTN’s prized tower assets in South…

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