Over $10 billon of Africa telecom, media and technology (TMT) infrastructure initial public offering (IPO) and mergers and acquisitions (M&A) deals predicted in 2019 as investor appetite and valuations grow

0

Over $10 billon of Africa telecom, media and technology (TMT) infrastructure initial public offering (IPO) and mergers and acquisitions (M&A) deals predicted in 2019 as investor appetite and valuations grow

TMT Finance exclusively reported last week on the US$1bn sale of South African datacentre firm Teraco Data Environments to US private equity firm Berkshire Partners

LONDON, United Kingdom, February 4, 2019/ — TMT (telecom, media and technology) infrastructure mergers, acquisitions and fundraising in Africa is predicted to continue growing in 2019, as investment news provider TMT Finance (www.TMTFinance.com) predicts that transactions for the year will exceed $10 billion, due to increasing dealflow across the region and appetite from global industry and investors.

TMT Finance exclusively reported last week on the US$1bn sale of South African datacentre firm Teraco Data Environments to US private equity firm Berkshire Partners. Teraco was reported to be valued at 22 times its 2018 EBITDA of US$40-45m, reflecting outstanding growth expectations comparable with European and US datacentre businesses. TMT Finance reported that the sale of the Permira-owned datacenter also attracted interest from global industry players Equinix and Digital Realty in a highly competitive sale and market.

TMT Finance has said that it expects 2019 to be a record year for investment and M&A deals in TMT infrastructure in Africa with many large deals planned, particularly by telecom infrastructure providers looking to make public flotations to tap into public investment fund appetite and fuel further growth plans. These include leading regional African digital and mobile telecom infrastructure operators Liquid Telecom, IHS Towers, Eaton Towers and Helios Towers Africa, all of which have been hiring investment banks to arrange for IPOs and are expected to float or consolidate their sector in the next 12 months.

National operators including Towerco of Madagascar and Wananchi of Kenya have also recently hired investment banks for sales, while large regional subsea cable business such as Seacom of South Africa and MainOne of Nigeria are also thought to be weighing up sale and investment options.

Leaders from the largest African telecom, media and technology companies, investment banks and investors are meeting to assess the latest investment opportunities at the annual TMT Finance Africa in Cape Town 2019 conference on March 28.

Over 60 key speakers have been announced for the event, which features CxOs and senior executives from Vodacom, MTN, Helios Towers Africa, CSquared, Dark Fibre Africa, Seacom, Angola Cables, Standard Bank, IFC World Bank, DLA Piper, Rand Merchant Bank, WIOCC, Paix Data Centres, BCX, European Investment Bank, Investec Asset Management, GreenWish Partners, Convergence Partners and others.

Key sessions at the senior executive only event include: Telecom Leadership Africa; Digital Infrastructure Africa; Media; Powering Mobile Tower; Data Centre and Cloud, Mergers and Acquisitions; Investors; Broadband; Financing TMT; Fintech and Mobile Money; and Smart City.

TMT Finance.

You can share this
Previous article“Fire On, Fire On, and Fire On,” Ooni of Ife Endorses  Kingsley Moghalu
Next articleScholars and experts chart pathway against fake news at Pan Atlantic University workshop
We help you make sense of an increasingly complex information world with a wide range of perspectives and stories that will allow you take an informed decision. We are proud of our African heritage and keep our eyes on the world. As online media, we see digitalization as the foremost opportunity to reach new readers, customers, and African emerging markets. We are independent in our approach. Our philosophy is grounded in the principles of a free society, which Africa is coming to terms with yet not losing the essence of what makes us African, which is our culture. ….showcasing the best part of us! www.etimes.com.ng ======================== info@etimes.com.ng ======================== etimes.nigeria@gmail.com Phone: +234 802 893 1940
SHARE