Thursday, 1 September 2011
August 2011 investments in African telecoms
August was a busier month than July for telecoms investments, with OneDotCom's announcement of $593Mn of investment in a B2B focussed ISP in South Africa trumped by MTN announcing a further billion dollars of network build in Nigeria. The latter market remains the Wild West from a legislative, regulatory and stability point of view, but an economy heavy with the potential of massive population and natural oil wealth continues to prove a draw. Also notable this month was American Tower's $140Mn tower upgrade programme in Ghana - a smaller market, but one that is made attractive day by being the polar opposite of Nigeria in terms of investment readiness.