South Africa telco MTN Group is seeking to sell off its telecommunications towers. MTN has reportedly instructed Citigroup and Standard Chartered banks to advise on a ‘sale and leaseback’ solution for the division.

MTN is said to be looking to achieve $340 million – $700 million from the sale.

The portfolio of towers is impressive with a total of some 13,000 sites across the nation.

MTN is on record as saying it is looking to raise 25 billion Rand in asset disposals. It already has a model in that it sold off its Ghana and Uganda tower sites.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Business, M&A

Tags: MTN, south africa