MTN sells towers in two markets for USD284m

15 Oct 2012

South African telecoms company MTN Group has said it plans to sell its mobile phone towers in Cote d’Ivoire and Cameroon to Nigeria-based HIS Holdings. Reuters reports that the total sale price will be USD284 million, including USD141 million for 931 towers in Cote d’Ivoire and USD143 million for a further 827 masts in Cameroon. The transactions are expected to close in the first quarter of 2013; MTN will be the anchor tenant on its former towers for an initial period of ten years.

Cameroon, Côte d'Ivoire, MTN Cameroon, MTN Cote d'Ivoire (incl. MTN Business), MTN Group