American Tower’s acquisition of Airtel’s Tanzanian Towers: TowerXchange deal analysis

American Tower joins Helios Towers Africa in one of Africa’s most investible tower markets

Read this article to learn:

  • Airtel’s history of selling towers in Africa
  • Growth projections for the Tanzanian mobile industry
  • Who owns Tanzania’s 8,800 towers?
  • Details of the recent tower sale in Tanzania including deal value, tenancy ratios and forecasted revenue for American Tower
  • How the transaction will affect the country’s build to suit market

On 21 March, Bharti Airtel announced they had reached a deal with American Tower Corporation to sell their 1,350 Tanzanian towers. The deal, which is expected to close in H1 FY16, had a purchase price of US$179mn, representing an average cost per tower of US$132.6k. Under the terms of the agreement, Airtel will be the…

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