Telecom bankers predict up to $2 billion more Africa mobile towers sales in 2013

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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

Leading telecom and infrastructure chiefs are meeting in London on June 20 to discuss the surge in mobile tower sales in Africa, as bankers predict up to US$2 billion more sales in 2013.

“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.

CEOs and infrastructure heads from Helios Towers Africa, IHS Africa, France Telecom-Orange and Eaton Towers will discuss the key issues around transactions and management of mobile tower assets in London at the annual TMT Finance & Investment Africa conference (http://www.tmtfinance.com/africa ) on June 20. Nick Elverston, Global Head of TMT at leading telecom law firm Herbert Smith Freehills will chair the Mobile Infrastructure Panel session which forms a key session at the conference.

“As telecoms markets continue to evolve, infrastructure sharing and outsourcing deals can only get more important,” said Elverston. “Key questions remain about how best to make them work and how deep into the network can and should operators go. This event will be a good opportunity to get answers from both operators and towercos.”

“Tower deals continue to take long to complete and it is also possible some of these will slip into next year,” added the banker. “Some operators continue to be in favour of outright tower sales whilst others continue to favour other models like commercialisation of their tower portfolio,” the banker said.

TMT Finance & Investment Africa 2013 brings together senior executives from African telecom companies, financial institutions including investment banks, private equity investors, regulators and international advisers to assess the latest growth and investment strategies across the continent. The conference features seven key panel sessions and a series of keynote speeches and networking sessions.

For more details go to http://www.tmtfinance.com/africa.

Register at http://www.tmtfinance.com/africa/register - prices rise on May 17.

Contact: enquiries(at)tmtfinance(dot)com.

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Dominic Lowndes
TMT Finance
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