Telecommunication

Airtel, an African telecommunication company, closed the first part of selling tower assets to a joint venture company in Tanzania. This transaction will see the transfer of approximately 1400 mobile sites to the joint venture company. The transaction, which was concluded today, is valued at $176 million, and $159 million…

Globacom’s Abuja base station was shut down by the Nigerian Civil Aviation Authority (NCAA) due to the exhaustion of all means for resolution between Nigerian telecommunication and civil aviation. According to a letter from the regulatory body, Globacom owes the agency over N5 billion for breaching air safety by erecting…

America’s digital infrastructure company Equinix acquired West Africa’s leading connectivity and data centre company, MainOne, at the cost of $320 million. In the press release, Equinix announced its intention to expand into the African market through the acquisition of MainOne. The acquisition will be completed by the first quarter (Q1)…

The Transaction is the latest strategic divestment of the Group’s tower portfolio as it focusses on an asset-light business model and on its core subscriber-facing operations.

Note that MTN has a long history of building and operating market-leading operations in numerous markets across Africa and the Middle East, including establishing greenfield operations. At the end of 2020, MTN Group had 280 million subscribers across 21 markets