South African telecoms company MTN Group has said it plans to sell its mobile phone towers in Cote d’Ivoire and Cameroon to Nigeria-based HIS Holdings. Reuters reports that the total sale price will be USD284 million, including USD141 million for 931 towers in Cote d’Ivoire and USD143 million for a further 827 masts in Cameroon. The transactions are expected to close in the first quarter of 2013; MTN will be the anchor tenant on its former towers for an initial period of ten years.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors