[RwandaLibre] Southafrican MTN offloads 550 towers in Rwanda [3 Attachments]

 

MTN offloads towers in Rwanda, Zambia By Mary Lennighan, Total Telecom Thursday 01 May 2014 IHS Holding takes control of 1,269 towers; will lease them to MTN, other operators. IHS Holding on Thursday announced it has acquired a portfolio of telecom towers in Rwanda and Zambia from mobile operator MTN. Under the terms of the deal, IHS will take over all of MTN's 1,269 towers in the two countries: 550 in Rwanda and 719 in Zambia. MTN's local units will immediately become tenants on the towers and IHS will also offer colocation to other operators in those markets. In addition, IHS will develop what it terms a "build-to-suit-programme" to serve MTN's future requirements in Rwanda and Zambia. The financial terms of the deal were not disclosed. "We are pleased to reinforce our position as the leading independent mobile tower operator in Africa," said Issam Darwish, group CEO at IHS. "The IHS footprint now reaches across Africa into the East and we are delighted to be bringing our value proposition to new markets." There could be further acquisitions on the cards. IHS said it has secured US$620 million worth of funding in the past two months in order to finance "future acquisitions in key markets across Africa". The company will also use the funds for organic expansion and for the development of local engineering talent. http://www.totaltele.com/view.aspx?C=4&ID=486253

SIBOMANA Jean Bosco
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