MTN hives off Ghanaian tower assets into JV with American Tower

6 Dec 2010

South Africa-based MTN Group has entered into a joint venture with American Tower Corp to establish TowerCo Ghana, which will be 51% owned and managed by American Tower, with MTN taking the remaining 49%. Under the transaction MTN Ghana will sell up to 1,876 of its existing base station sites to TowerCo Ghana for an agreed purchase price of up to approximately USD428.3 million. Of this, American Tower will pay up to approximately USD218.5 million for its 51% stake in the new holding company. MTN Ghana will act as the ‘anchor tenant’, on commercial terms, on each of the towers being purchased. American Tower also expects that TowerCo Ghana will build at least an additional 400 sites for both MTN Ghana and other local cellcos over the next five years.

Ghana, MTN Group, MTN Ghana,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

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
  • Regulators

Learn more about advertising on CommsUpdate.