African tower management firm Eaton Towers said Monday it has secured equity funding worth $150m from Capital International Private Equity Funds (CIPEF), a private equity investor focused on emerging markets.
Tower management company Eaton Towers focuses exclusively on Africa, the region where its three founders have most experience. In this interview, one of those founders and the company’s CEO, Alan Harper, talks to telecoms.com about running a tower sharing marketplace in one of the world’s fastest growing regions.
Pan-African carrier MTN has followed Vodafone’s lead in Ghana, embarking upon a tower sharing venture with specialist firm American Tower Corporation. MTN Ghana and American Tower are to establish a joint venture, TowerCo Ghana, to be 51 per cent held by American and 49 per cent held by MTN, with the operator as the anchor tenant, on commercial terms, on each of the towers being purchased.
Vodafone Ghana said Tuesday it has signed a ten year contract with African tower company Eaton Towers, to take over the operations and co-location management of 750 telecom towers for the Ghanaian operator.
The West African nation of Ghana is poised for further growth, but increased competition is bound to make things challenging. Africa, particularly sub-Saharan Africa, is under close scrutiny at the moment. Despite raging growth in recent years, mobile penetration remains relatively low and countries across the region are seen as an attractive option in the [...]
The Ghanaian government has blocked Vodafone’s £450m purchase of a controlling stake in the state-owned Ghana Telecom. At the start of the month Vodafone, the world’s largest operator in terms of revenue, announced that it had effectively gazumped France Telecom by agreeing to acquire 70 per cent of the Ghanaian carrier with the government set [...]
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