Etisalat Nigeria to sale of transmitter towers

0

Etisalat Nigeria is planning to sell some of their transmitter towers . It is expected to generate a huge revenue for them , and could raise as high as $400 according to sources

* Etisalat Nigeria is the country’s No.4 operator

* Tower sharing increasingly popular in Africa to cut costs

By Matt Smith and Dinesh Nair

DUBAI, Oct 29 (Reuters) – Etisalat Nigeria, a unit of theGulf’s top telecom operator Etisalat, is looking tosell its transmitter towers in a deal that could raise about$400 million, banking and industry sources familiar with thematter said.

DUBAI, Oct 29 (Reuters) – Etisalat Nigeria, a unit of theGulf’s top telecom operator Etisalat, is looking tosell its transmitter towers in a deal that could raise about$400 million, banking and industry sources familiar with thematter said.

Reuters is now reporting Etisalat – which this week reported poor results for its African operations for the 2013 third quarter but is looking to invest in the market – has approached several banks to draw up a proposal for advistory roles on any future sale.

Etisalat is believed to own around 2,500 towers in Nigeria, which could be sole for US$150,000 each

source

Share.

Posted by

Eze Chucks is an experienced media practitioner. He has worked for several news organisation.He has pioneered many online news website as an editor . He holds a B.Sc Economics degree and a masters degree email:editor@compassnewspaper.com.ng

Leave A Reply