The potential for, and implications of, consolidation among African MNOs and towercos

UBS’s telecoms equity research analyst summarises his views of potential changes in the African telecom map in the coming five years

Read this article to learn:

  • The future for unprofitable #4, #5, #6 and #7 ranked MNOs
  • Does operator consolidation ‘lower the glass ceiling’ on potential tenancy ratios?
  • The potential for consolidation within the towerco segment
  • A view on MTN’s tower deals: a sensible approach to balance sheet rationalisation, with the SLB / JV structure determined by local nuances

Is operator consolidation a friend or foe of the independent towerco business model? What shape could future MNO consolidation take in Africa? Is it better to have fewer, more credit worthy counterparties? TowerXchange spoke to UBS’s telecom equity research analyst Chris Grundberg to find out how he sees the map of African MNOs and towercos…

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