CDMA operator Visafone Communications and infrastructure provider IHS Nigeria have agreed a long-term partnership involving the sale and leaseback of the tower assets of Visafone. The deal, valued at USD67 billion, is aimed at creating operational efficiencies which will allow Visafone to focus on its core business of providing mobile services and solutions, while IHS will further consolidate its telecom infrastructure business.
Visafone Communications is the largest CDMA mobile operator in Africa. IHS is the leading telecom infrastructure provider in sub Saharan Africa with operations across several countries in the region; it currently manages more than 3,500 towers. TeleGeography’s GlobalComms database reports that Visafone’s network covers 170 towns and cities in 24 states of Nigeria.