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MTN Looking at Sale of South African Tower Assets
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South Africa's MTN is considering selling off up to half of its towers networks following successful sales in other countries where it has operations. The company owns around 6,000 towers in South Africa.
The sale would be a move to improve the efficiency of its capital structure, company's Managing Director, Karel Pienaar told Tech Central.
"The reality is, if you look at the infrastructure on the ground, it's not our core focus, so we don't leverage it to the extent that perhaps we could," Pienaar said, adding that a sale would only be of the passive elements of the network. However, a sale of active components has not been ruled out in the future.
The company has already sold its towers in Ghana and Uganda.
On the web: Tech Central
Tags: [mtn] [South Africa]
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