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South Africa : OVER USD3B of mobile towerco transactions take place across region

May 26, 2014

With infrastructure sales and outsourcing activity growing across the region, mobile towerco leaders and financial institutions of Africa are scheduled to meet in London on 18th June.

As Pan-African mobile operators and towercos are progressing on complex deals to boost network optimisation across the region, more than US$3 billion of mobile towerco transactions are taking place across the region at present.

Managing Director of TMT Finance, Dominic Lowndes, said : "Investor interest in Africa's telecoms sector is growing rapidly and the mobile towers space is especially active. We are currently tracking eight live tower transactions between mobile operators and towercos, valued at between US$200m to US$800m, as well as number of capital raisings as towercos raise funds for more acquisitions and capex. Goldman Sachs invested in IHS, and Providence is looking to invest in Helios Towers Africa, with several other large private equity investors actively looking to enter the market."

The over 50 speakers and 150 delegates meeting for the TMT Finance & Investment Africa 2014 Conference in London, include leaders from IHS Africa, Helios Towers Africa, Eaton Towers, Orange, Goldman Sachs, Millicom, Etisalat and LAP Green.

Expanded to fulfill demand for investment interest across Africa's telecom industry, the annual leadership event, also features sessions on Telecoms Growth, Mergers and Acquisitions, Investing in Broadband, Private Equity, Raising Finance, Datacentres, Innovation, Mobile Money, Nigeria Telecoms, Regulation and Risk Management.

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Source: TendersInfo (India)

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