Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

4G/5G

American Tower Buys Eaton, Acquires JV Stakes From MTN

Article Image
American Tower, which owns and manages about 177,000 mobile towers in multiple markets around the world, has strengthened its portfolio in Africa with the completion of its Eaton Towers acquisition and a new deal to take control of joint venture assets that had been co-owned with network operator MTN.

The US$1.85 billion deal to acquire Eaton Towers, which was first announced in May 2019, adds 5,700 sites in five markets (Ghana, Uganda, Kenya, Burkina Faso and Niger) to its African portfolio. The deal strengthens American Tower's relationship with key major mobile operators in Africa, including Airtel, Orange, MTN and Vodacom, that lease space on the towers for their radio access network (RAN) equipment deployments. (See African Towers Company Eaton Sells for $1.85B.)

The $523 million agreement to acquire MTN's minority stakes in two joint ventures, one in Ghana and the other in Uganda, will give American Tower full control over the tower assets in those countries, and enables the towers specialist to manage them alongside the assets acquired from Eaton. The sale of the stakes is expected to be completed during the first quarter of this year.

The joint venture in Ghana, called TowerCo Ghana, was set up in 2010, with MTN holding a 49% stake.

The JV in Uganda, ATC Uganda, was formed in 2011, with MTN again holding a 49% stake.

For MTN, the sale of the JV stakes is part of its ongoing "Asset Realisation Programme" that was launched in March last year with the aim of simplifying the operator's structure and reducing its debts and risks. (See MTN Raises R14B From Asset Sales in 2019 .)

— The staff, Connecting Africa

Innovation hub

Story

Hot startup of the month: SA's Snode

This month's hot startup is South African company Snode, which is applying a data-driven approach to cybersecurity.

Story

Twitter announces first African office in Ghana, begins hiring

Twitter has announced it is planning to open an office in Accra, the Ghanaian capital – the first in Africa for the social media giant.

More Innovation hub

Guest Perspectives

Story

Factors influencing fintech adoption in Nigeria

By Yusuf Opeyemi Akinwale and Adam Konto Kyari

This article is a collaboration with the African Journal of Science, Technology, Innovation and Development and explores the factors impacting the adoption of financial services technology in Lagos, Nigeria.

Story

Omdia View: March 2021

By Omdia Analysts

Omdia's analysts provide context and analysis to the biggest stories making headlines in Africa during March 2021.

More Guest Perspectives

Flash poll

All polls

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Latest video

More videos

Upcoming events

East Africa Com
May 11-12, 2021
Virtual Event
North Africa Com
July 13-14, 2021
Virtual Event
Asia Tech x Singapore
July 13-16, 2021
Marina Bay Sands, Singapore
Africa Tech Festival
November 8-12, 2021
Cape Town, South Africa
More Upcoming events

Partner perspectives

The moving target that is telecoms fraud
By Clémentine Fournier, Regional VP Sales, Africa, BICS

How mobile operators in Africa can address signalling threats and secure the network
By Katia Gonzalez, Head of Fraud and Security at BICS

SD-WAN and satellite – how MNOs and telcos can enjoy the best of both worlds
By Ofer Asif, SVP BizDev, marketing and strategy at Spacecom

All Partner Perspectives

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up