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General

African TMT investment and consolidation rise amid Ethiopia telecom privatisation

Tuesday 12 February 2019 | 11:25 CET | News

Telecom, media and tech investment and consolidation activity in Africa is predicted to reach a record high in 2019 as a number of significant deals are scheduled, including the opening up of the Ethiopian telecom sector, reports specialist news provider TMT Finance. MTN, Orange and Vodacom are among those vying to enter Ethiopia to serve its 105 million people, after progress in the privatisation process, it said.

Ethio Telecom has around 66 million customers and in January it selected six consultancies in partnership with the World Bank. The operator will be split into two businesses, offering growth potential to new entrants. 

Privatisations of telecom assets are also planned for Togocom and Benin Telecom in West Africa, with consolidation investments expected in Kenya and Tunisia. Meanwhile, Airtel has hired banks for an IPO of its entire African portfolio while several telecom firms are bidding for Millicom’s assets. The acceleration of investment in mobile and broadband infrastructure in the region continues as operators and investors try to meet the need for data services. Leaders from the largest African TMT companies, investment banks and investors are meeting to assess the latest opportunities at the annual TMT Finance Africa in South Africa on 28 March. 

Over 60 key speakers have been announced for the event, including executives from Vodacom, MTN, Helios Towers Africa, CSquared, Dark Fibre Africa, Convergence Partners, Seacom, Angola Cables, Standard Bank, IFC World Bank, DLA Piper, Rand Merchant Bank, WIOCC, Paix Data Centres, BCX, European Investment Bank, Investec Asset Management, GreenWish Partners and others.




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Categories: General / IT
Companies: Airtel / Angola Cables / Dark Fibre Africa / Ethio Telecom / European Investment Bank / Helios Towers / Millicom / MTN / Orange / Seacom / Vodacom / WIOCC
Countries: Africa / South Africa
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