Business Hilights

Tracking Nigeria's Headline Business News Online

MTN Nigeria

MTN leads other Pan-African MNOs to fight for Ethiopian telecoms market share

Ad 2
Ad 3

Based on the revelations of TMT Finance predictions on telecoms, 2019 will see unprecedented surge in telecom, media and tech investment and consolidation activities in Africa.
Already, ahead of the opening up of Ethiopia’s telecom sector, Pan-African telecom operators MTN, Orange and Vodacom have joined the race to enter Ethiopia for the opportunity to serve its 105 million population following progress in the telecom privatisation process.
TMT Finance reports that Ethio Telecom, which has around 66 million customers, took a major step forward in its much-anticipated privatisation last month by pre-selecting six consultancies in partnership with the World Bank.
Accordingly, Ethio, will be split into two businesses, offering tremendous growth potential to new entrants.
Privatisations of telecom assets are also planned for Togocom and Benin Telecom in West Africa, with consolidation investments expected in Kenya and Tunisia. Meanwhile, Airtel has hired banks for an IPO of its entire Africa portfolio while several telcos are bidding for Millicom’s assets. The acceleration of investment into mobile and broadband infrastructure across the region continues as operators and investors try to meet the need for data services.
Business Hilights gathered that leaders from the largest African telecom, media and technology companies, investment banks and investors are meeting to assess the latest investment opportunities at the annual TMT Finance Africa in Cape Town 2019 conference on March 28.
Over 60 key speakers have been announced for the event, which features CxOs and senior executives from Vodacom, MTN, Helios Towers Africa, CSquared, Dark Fibre Africa, Convergence Partners, Seacom, Angola Cables, Standard Bank, IFC World Bank, DLA Piper, Rand Merchant Bank, WIOCC, Paix Data Centres, BCX, European Investment Bank, Investec Asset Management, GreenWish Partners and others.
Additional details reveal that key sessions at the senior executive only event include: Telecom Leadership Africa; Broadband Infrastructure; Digital Infrastructure Africa; Media; Powering Mobile Tower; Data Centre and Cloud, Mergers and Acquisitions; Investors; Broadband; Financing TMT; Fintech and Mobile Money; and Smart City.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.