Tower Industry in Africa Expected to Double: Will US Companies Take Part?Comments Off on Tower Industry in Africa Expected to Double: Will US Companies Take Part?
In 2011, American Tower Corporation entered the South African tower market where they now own 1,621 towers. Chief Operating Officer of Helios Towers Africa, Kevin Koch, spoke at AfricaCom2013 in Cape Town last week and presented an optimistic outlook for the tower industry. According to Richard Cutcher of HumanIPO, “According to HTA figures, there are currently 150,000 towers in Africa of which only 15 per cent are owned by third-party companies such as HTA, Eaton Towers, ATC and IHS. Due to Africa’s rapidly rising and young population, Koch expects the total number of towers to double within five years, while the proportion of those owned by independent companies will double in one year.” American Tower Corporation focuses mainly on the North American tower industry, but is also expanding their international footprint. This may be the perfect time for them to grow their presence in the African region. HumanIPO reported earlier today Bharti Airtel is believed be in discussions over the sale of its 15,000 towers to a third party for US $1.8 billion, while Etisalat Nigeria is also thought to be in discussions over a US $400 million sell-off of its 2,500 towers.
Read more at InsideTowers.com.