Telecom bankers predict up to $2 billion more Africa mobile towers sales in 2013
Leading telecom and infrastructure chiefs are meeting in London on June 20 discuss the surge in mobile tower sales in Africa, with US$2bn more sales expected in 2013, according to TMT Finance research.
In total, it is possible transactions aggregating 15,000-20,000 towers or more may kick off this year in addition to towers transactions already completed. - senior telecom banker
“Activity in the tower sector continues to dominate the telco space in Africa as more and more towers are likely to come to market,” a senior telecom banker told news provider TMT Finance. “In total, it is possible transactions aggregating 15,000-20,000 towers or more may kick off this year in addition to towers transactions already completed,” said the banker.
Mobile operators across Africa have been selling passive infrastructure assets to raise funds for new investment and with average valuations of a single mobile tower in Africa now around US$100,000, 20,000 towers could raise up to US$2bn. Tower companies will need significant funds, partly raised from banking markets, to acquire the assets.