MTN Towers
MTN SA Completes Sale of Over $400-Million in Towers Acquisition
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MTN SA Invests $46.4-Million in New Infrastructure for KZN, South Africa
Africa’s largest telecom group MTN SA has announced a further investment of $46.4-million (R700-million) in order to modernise existing, and deploy new, network infrastructure across the KwaZulu-Natal province in South Africa. The $46.4-million investment, which is an addition to the $33.17-million (R500-million) invested in 2021, will go toward MTN’s “Modernisation of Network South Africa project” (MONZA) as well as expanded rural reach, 5G expansion and restoration of vandalised network infrastructure, the company said in a press release. “The KZN investment forms part of plans to modernise the entire MTN network, 68% of which has already been completed nationally, with an additional 1350 sites to be finalised, and around 200 top areas covered across SA, by the end of 2022”, says Matthew...
A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details
Sourced from PC Mag After a lengthly competitive process, the MTN Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The transaction will entail the sale and leaseback of 5,709 of MTN SA’s towers – comprising approximately 4,000 greenfield and 1,700 rooftop sites. The transaction will also include the outsourcing of power and related services (power as a service, or PaaS) across the entire MTN SA site footprint of approximately 12,800 – thus incorporating an additional 7,100 third-party sites. MTN says that one of the key goals of the transaction has been to achieve an “OpCo-friendly” outcome, which, amongst others, aims to ensure: A limited financial impact on MTN SA’s current running cost versus leaseback costs, improv...
MTN’s Takeover Plans for Telkom Would Need the Government’s Support First
Sourced from Business Tech South Africa’s MTN Group, the largest telecom in Africa and 2nd largest in its home nation has reportedly made a pitch to buy SA’s third largest telecom, Telkom. According to an anonymous insider who spoke to Bloomberg, Telkom has shown no interest in being taken over by the MTN Group. It currently seems unclear if MTN will continue persuing the purchase of the semi-private telecom. “There is no deal on the table in relation to this matter,” MTN said in a statement after inquiries. Telkom itself has yet to comment on the reported offer. Telkom currently has a market valuation $1.94-billion, which pales in comparison to MTN’s valuation of $21-billion. A valuation that has steadily surged following a multi-year asset-disposal programme and a recent spike in the pri...
Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
