MTN has plans to sell some of its shares in its Nigerian mobile tower network by the end of this year; the shares are worth more than $1 billion.
“There is a bidding process going on, so they’re busy doing a due diligence on us, on our towers, our processes and we’re doing due diligence on them, if they’re the right company,” said Andrew Bing, chief financial officer of MTN’s Nigerian unit. “During this year that process will then come to a conclusion where there will be a financial bid and a transfer of towers.”
Carriers in Africa are offloading the assets, which cost more to run on much of the continent than in some other parts of the world because of the need for backup generators and batteries to guard against power failures.
Towers and the infrastructure that accompanies them can account for more than 60 percent of the expense to build a mobile network, according to data from IHS Holding Ltd., a telecommunications infrastructure company.
Having bout 11,000 towers, the telecommunications company has not yet decided on the shares it will retain in its Nigerian tower network.
Promote your product, event, press release, or launch a report to a highly engaged tech and business audience. You can also take over our homepage for premium visibility and sponsor our monthly #TechNight events and podcasts and annual StartupEast Conference & Awards to maximize brand exposure.
Beyond reach and visibility, we have over ten years of experience in SEO-driven digital publishing and we are the best in the SEO market at helping brands grow organic visibility through high-quality editorial backlinks and strategic content placement. We are here to help you improve your search rankings and long-term discoverability. We also help improve AI discoverability, ensuring your brand is more visible across emerging AI-powered search and recommendation systems.
Your campaign will also be extended across
TechMoran,
BusinessTech.co.ke, and
AfricanWomenNetwork.net,
including their newsletters, giving you wider reach and engagement across East Africa’s leading digital audiences. Be part of the region’s biggest tech and business platforms monthly, quarterly, and annually.
