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IHS Strikes $400m Deal For Etisalat’s Towers


News » Sports
Nigeria

August.08.2014

Africa’s leading mobile telecommunications infrastructure Provider, IHS Towers has signed a deal with Etisalat Nigeria to purchase 2,136 of its towers, estimated by Reuters, to the tune of $400 million.

The deal will also see the Nigerian-headquartered company lease back the towers to Etisalat as well as invest $100 million into its upgrade and the improvement of its efficiency.

With operations in Nigeria, Cameroon, Côte d’Ivoire, Zambia and Rwanda and over 10,000 towers in its portfolio, IHS acquisition of the towers will take the total numbers of towers they manage in Nigeria to 6540.

Expected to be finalised towards the end of the year, the deal is described as part of a broader strategy to drive improvements in the quality of Etisalat’s network performance and to accelerate roll out of 2G and 3G coverage and new services to its customers.

Issam Darwish, CEO of IHS said, in a press release, that the partnership “will provide significant long-term benefits to Etisalat Nigeria, allowing them to focus entirely on marketing new customer propositions to a wider market.”

“We are delighted to have been trusted by Etisalat Nigeria with their passive network infrastructure. Our market-leading operations team, managed through a state-of-the-art network operations centre and our continual investment in better, more efficient systems and technologies will ensure that that trust is well-placed”.

CEO of Etisalat Nigeria Matthew Willsher explained that the deal was in response to the “Continued demand for mobile connectivity along with increased consumption of data requires reliable and effective networks that are also cost efficient for network operators”.

“The decision to sell our passive infrastructure to an experienced commercial partner, such as IHS, is part of our strategy to increase network coverage and capacity which is already rated number 1 for quality of service by the Nigerian Communications Commission,” he added.

Article Credit: Ventures-africa

Updated 5 Years ago
 

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Tags:     HS Towers     Issam Darwish     Nigeria     Cameroon     Côte d’Ivoire     Matthew Willsher

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