Compass Newspaper
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
