MTN confirms sale of towers to IHS in Rwanda, Zambia

News Wireless Rwanda 20 DEC 2013
MTN confirms sale of towers to IHS in Rwanda, Zambia
MTN Group announced that it has agreed to sell its tower portfolios in Rwanda and Zambia to IHS Holding. MTN will sell a total of 1,228 mobile towers to IHS's subsidiaries in Rwanda and Zambia, comprised of 524 and 704 towers respectively, for undisclosed amounts. The sale of the towers is in line with MTN's asset optimization strategy and builds on two previous deals with IHS in Cameroon and Cote d'Ivoire, for a total of 1,758 towers. 

Under the agreements, IHS will acquire and operate the towers and related passive infrastructure and will invest in a build-to-suit programme to support MTN's future requirements in both countries. MTN Rwanda and MTN Zambia will become the respective anchor tenants on the towers for an initial term of ten years. The transactions bring the total number of towers in IHS's portfolio to 10,500. IHS will market services on the towers in Rwanda and Zambia, promoting tower sharing and colocation. Each transaction is expected to close independently during the first half of 2014, subject to customary closing conditions. 

Categories:

Mobile

Companies:

MTN Rwanda,  MTN Zambia,  IHS

Countries:

Rwanda,  Zambia

Tags:

Network equipment, Wireless, Wholesale, M&A buyouts & divestments

Related Articles

NIGERIA 4 SEP 2014

MTN, IHS agree on mobile tower outsourcing deal in Nigeria

MTN Group has reached an agreement in principle with IHS Holding for the transfer of its towers business in Nigeria. The transaction is expected to reduce MTN Nigeria's operating costs, drive network efficiencies and further expand MTN's voice and data capacity. Subject to regulatory approvals, the 9,151 towers will be transferred to a new company which will be owned jointly by MTN and IHS. IHS will have full operational control of the underlying business. The new towers company will market independent in

RWANDA 1 MEI 2014

IHS completes acquisition of MTN towers in Rwanda, Zambia

African telecommunications infrastructure provider IHS announced the completion of the acquisition of 1,269 mobile network towers from MTN Group's operations in Rwanda and Zambia, representing 100 percent of MTNs towers in the two countries. IHS's subsidiaries in Rwanda and Zambia acquired ownership and will manage 550 and 719 towers respectively. Under the agreements, IHS will operate the towers and related passive infrastructure and will invest in a build-to-suit programme to support MTN's future requir

CAMEROON 10 MRT 2014

MTN Cameroon launches business call plans

MTN Cameroon has launched two new service plans for businesses, "MTN My Office" and "MTN Elite Corporate" at a presentation ceremony in Yaounde, Agence Ecofin reports. MTN My Office is a prepaid service charging XAF 45 a minute to make voice calls to other MTN numbers in Cameroon and 15 other countries. Customers pay XAF 90 a minute to call non-MTN numbers, calls to favourite numbers are free and receiving calls when roaming is free of charge. Post-pay Elite Corporate offers the same advantages as My Office

AFRICA 5 MRT 2014

MTN Group FY revenue up 12% to ZAR 136.5 bln on weak rand

MTN Group posted a 12 percent increase in its revenue for 2013 to ZAR 136 billion compared with 2012, boosted by a weakening of the rand against a number of currencies. On a constant currency basis, revenue increased by 3.1 percent. This was largely the result of a 6.1 percent decline in revenue at MTN South Africa and 5.7 percent growth in MTN Nigeria. EBITDA increased 13.0 percent to ZAR 58.82 billion, excluding the profit from the sale of towers. The EBITDA margin increased 0.4 percentage points to 43.1

AFRICA 3 MRT 2014

IHS secures USD 490 mln for expansion across Africa

African telecommunications infrastructure provider IHS has secured USD 490 million of equity and debt financing for expansion across the continent. The round expanded IHS's base of institutional shareholders and was priced at a premium to IHS's last funding in July 2013. Support from existing investors was combined with strong participation from Goldman Sachs, the IFC Global Infrastructure Fund and African Infrastructure Investment Managers. This funding round brings the total amount of capital raised by

ZIMBABWE 6 FEB 2014

MTN Zambia partners bus operator on mobile fares

MTN Zambia has partnered with Mazhandu Bus Services to enable passengers to buy tickets using MTN mobile money. Company chief sales and distribution officer Collin Muyanja said MTN Mobile Money will continue to explore avenues to make money transactions convenient and secure for its customers.

RWANDA 2 JAN 2014

Rwandan mobile phone users reach 6.59 mln in November

The number of mobile phone subscribers in Rwanda rose to 6.59 million in November from 6.58 million in October, according to the latest statistics from the the Rwanda Utilities Regulatory Agency (RURA), the New Times reported. RURA said this represents 9,643 new subscribers and that 62.6 percent of the population owns a mobile phone compared with 61.4 percent in October.

RWANDA 21 OKT 2013

MTN receives bids for BTS in Zambia, Rwanda - report

MTN South Africa has received the first round of bids for its base transceiver stations (BTS) in Zambia and Rwanda, TMT Finance reports. According to the article, MTN is aiming to finalise the sale of around 400-600 BTS in Zambia and 1,000 towers in Rwanda by the end of the year and the potential deal is expected to generate around USD 100 million to USD 200 million. Unidentified sources have disclosed that tower companies ATC, IHS, Eaton and Helios have all expressed their interest in the auction. An unnam

AFRICA 2 APR 2013

Orange, IHS sign mobile mast leasing deal for Cameroon, CI

France Telecom-Orange has signed a 15-year management outsourcing agreement for over 2,000 mobile towers in Cameroon and Cote d'Ivoire to IHS. Orange will retain ownership of the sites and will be able to install cells on masts owned by MTN in the two countries. IHS CEO Issam Darwish estimates the market for outsourcing base stations in Africa to be worth USD 10 billion over the next three years. Elsewhere, Orange's head of quality and CSR in Africa and the Middle East told the Financial Times that a simila

CAMEROON 23 OKT 2012

IHS Nigeria confirms Cote d'Ivoire, Cameroon towers deal

Telecoms infrastructure firm IHS Nigeria has entered into agreement with the MTN Group to acquire 1,758 mobile network towers (Base Transceiver Stations) in Cote d'Ivoire and Cameroon. The Nigeria Stock Exchange said the total amount involved in the transaction was USD 284 million, adding that IHS would pay USD 141 million for 931 towers in Cote d'Ivoire and USD 143 million for up to 827 towers in Cameroon. This will make IHS the 100 percent shareholder of the tower companies to be set up in each country to

AFRICA 15 OKT 2012

MTN sells phone towers for USD 284 mln

MTN Group has agreed to sell as many as 931 base stations in Cote d'Ivoire and 827 base stations in Cameroon to IHS Holding for USD141 million and 143 million respectively, or a total of USD 284 million, Reuters reported. Under the deal, HIS will be the sole shareholder of the tower companies to be set up in each country. These will manage the towers and other passive infrastructure. MTN units in the two West African nations will become the anchor tenants on the towers for an initial term of ten years. The

Just In

15:08

Dialog Axiata to offer Starlink satellite service across Sri Lanka

14:51

Sri Lanka raises LKR 10 billion in 5G spectrum auction

14:00

Vi introduces Niyo Zero Forex Markup Card for travelers

13:39

True reshuffles executive team

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.