Panel: Consolidation, carve-outs and sale leasebacks - what’s left for M&A?

Towercos own 50% of towers in Africa with plenty of room for growth, but an update in carve-outs could indicate a shift in MNO strategy towards retaining value creation. Challenging conditions are also putting pressure on smaller towercos to either exit or merge to generate scale; where will the next wave of M&A come from?

• Is M&A still part of towerco expansion strategy?
• Do acquisitions offer better return on invested capital than organic builds?
• How MNOs are unlocking value through carve-outs
• Is now the time for towerco consolidation?
• Appetite for sale leasebacks with smaller, local MNOs