Telecom infrastructure: The big opportunity for tower companies in Africa
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Telcos are moving towards asset-light models through sale and leaseback agreements of mobile towers with tower companies
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Still many opportunities for tower companies given low mobile penetration, significant coverage gap and 5G rollout
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Ethiopia is a great prospect for tower companies if restrictions loosen, alongside Democratic Republic of Congo and Chad
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.