Etisalat Nigeria has announced the sale of 2,136 of its towers to HIS Holding as part of a broader strategy to drive improvements in the quality of its network performance and to accelerate the rollout of 2G and 3G coverage and new services to its customers.
Upon the conclusion of this transaction, IHS will own and manage over 6,540 towers in Nigeria, while the company also has operations in Cameroon, Côte d’Ivoire, Zambia and Rwanda.
The partnership with HIS is designed to promote network sharing, ensure higher quality, sustain reliable mobile services, lower overall costs and also promote a cleaner environment through reduced diesel usage and increased investments in alternative energy solutions, according to the company.
HIS has committed to investing a further $100 million in the acquired towers, particularly on advanced generators, efficient batteries and alternative energy solutions to reduce diesel consumption and improve efficiency of grid use. The transaction will be close later this year.
“Continued demand for mobile connectivity along with increased consumption of data requires reliable and effective networks that are also cost efficient for network operators,” commented Matthew Willsher, CEO at Etisalat Nigeria.
“The decision to sell our passive infrastructure to an experienced commercial partner, such as IHS, is part of our strategy to increase network coverage and capacity which is already rated number one for quality of service by the Nigerian Communications Commission,” he added.