Browsing: Eaton Towers

African telecommunications company Eaton Towers has decided to postpone an initial public offering on concern that conditions are hurting valuations, according to people familiar with the matter. Eaton Towers, partly owned

MTN Group could cash in from an initial public offering of Africa’s largest telecommunication towers company by selling down a stake valued by the wireless carrier at about R27bn. IHS Towers, of which Johannesburg-based MTN

Three of Africa’s largest telecommunications towers companies plan to pursue share sales in either London or New York early next year, taking advantage of high industry valuations to fund expansion, according to people familiar

Eaton Towers has sold its base station tower portfolio in South Africa to rival American Tower Corp. Eaton said on Wednesday that it has reached an agreement to sell about 300

Tower operator Eaton Towers has raised US$350m (about R4,4bn) in new equity funding from existing and new shareholders to fund expansion and acquisitions across Africa, it said on Friday. At the same time, the company has signed

In another major cellular tower deal in Africa, Eaton Towers has acquired 3 500 base stations in six countries belonging to Indian-headquartered mobile network operator Bharti Airtel. In terms of the deal, Airtel will have a 10-year lease contract on the towers. Eaton already owns

Rwanda is hoping for a boom in business with plans to offer free Wi-Fi-based Internet access nationwide, starting with a roll-out in the capital city, Kigali. The Rwandan government started the city-wide roll-out last month, targeting schools, public buildings, bus stations and hotels in the city first. IT minister

Vodacom is selling more than a thousand of its base stations in Tanzania to tower operator Helios in a deal worth about US$75m, according to a UK media report. This is the first time that Vodacom has sold tower infrastructure to a third party, the Financial Times newspaper reported at the weekend. Its South African

Eaton Towers has inked a deal with Telkom Kenya to manage the operator’s 1 000 base stations. Under the 15-year management and leasing deal, Eaton will maintain Telkom Kenya’s existing sites and build new ones. The deal extends Eaton’s partnership with France’s Orange, which controls

MTN has moved to play down a report that suggested it has entered into “formal discussions” to sell as many as half of its South African base stations to tower management company American Tower Corp. International telecommunications investment information website