The case for MNOs to retain “schmuck equity” in towerco joint ventures

MTN retains a 51% stake in Nigerian towers, 49% in Ghana and Uganda

Read this article to learn:

  • Which MNOs are retaining equity in which joint venture towercos and how much they are retaining
  • How the towerco ensures they retain independence, operational control and trust
  • A closer look at the recent joint venture between IHS and MTN Nigeria

The African independent towerco business model seems to be working. More and more towers are transferring from MNOs to towercos, more and more tenants are being added to towers. As 2G voice networks are overlaid with 3G and even 4G data networks, anchor tenants are starting to add second antennas to selected towers, generating amendment…

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