{"id":34860,"date":"2015-08-11T00:17:56","date_gmt":"2015-08-10T22:17:56","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=34860"},"modified":"2015-08-11T00:19:45","modified_gmt":"2015-08-10T22:19:45","slug":"etisalat-africas-ihs-in-nigeria-tower-saleleaseback-deal","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=34860","title":{"rendered":"Etisalat, Africa&#8217;s IHS in Nigeria tower sale\/leaseback deal"},"content":{"rendered":"<figure id=\"attachment_34862\" aria-describedby=\"caption-attachment-34862\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2015\/08\/Customers-walk-past-an-Etisalat-store-at-a-shopping-mall-in-Dubai.jpg\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2015\/08\/Customers-walk-past-an-Etisalat-store-at-a-shopping-mall-in-Dubai-300x197.jpg\" alt=\"Customers walk past an Etisalat store at a shopping mall in Dubai\" width=\"300\" height=\"197\" class=\"size-medium wp-image-34862\" srcset=\"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2015\/08\/Customers-walk-past-an-Etisalat-store-at-a-shopping-mall-in-Dubai-300x197.jpg 300w, https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2015\/08\/Customers-walk-past-an-Etisalat-store-at-a-shopping-mall-in-Dubai.jpg 450w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-34862\" class=\"wp-caption-text\">Customers walk past an Etisalat store at a shopping mall in Dubai<\/figcaption><\/figure>\n<p style=\"text-align: left;\"><strong>LAGOS &#8211; The Nigerian affiliate of Etisalat has completed the transfer of 555 telecom towers to Africa&#8217;s IHS, the second tranche of a sale and leaseback deal announced last year, the Gulf&#8217;s biggest telecommunications operator said on Monday.<\/strong><\/p>\n<p style=\"text-align: left;\">The deal, for which no financial value was given, is part of Etisalat&#8217;s strategy to improve the quality of its network and to accelerate the roll-out of 2G, 3G and 4G coverage in Nigeria, Etisalat said in a statement.<\/p>\n<p style=\"text-align: left;\">Following the deal, IHS, the biggest tower company in Africa, will own and manage more than 15,500 of the installations in Nigeria and more than 23,100 in Africa as a whole.<\/p>\n<p style=\"text-align: left;\">Last August, Etisalat Nigeria agreed a deal to sell 2,136 of its towers to privately-held IHS and lease them back as part of plans to expand its coverage in Africa&#8217;s biggest economy.<\/p>\n<p style=\"text-align: left;\">Mobile phone operators have been selling or leasing towers to specialist companies, to reduce building and maintenance, associated with security costs and electricity shortages, as revenue per user falls.<\/p>\n<p style=\"text-align: left;\">India&#8217;s Bharti Airtel Ltd in November said it will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAGOS &#8211; The Nigerian affiliate of Etisalat has completed the transfer of 555 telecom towers to Africa&#8217;s IHS, the second tranche of a sale and leaseback deal announced last year, the Gulf&#8217;s biggest telecommunications operator said on Monday. The deal, for which no financial value was given, is part of Etisalat&#8217;s strategy to improve the &hellip;<\/p>\n","protected":false},"author":3,"featured_media":34865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-34860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Etisalat, Africa&#039;s IHS in Nigeria tower sale\/leaseback deal - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=34860\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etisalat, Africa&#039;s IHS in Nigeria tower sale\/leaseback deal - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"LAGOS &#8211; The Nigerian affiliate of Etisalat has completed the transfer of 555 telecom towers to Africa&#8217;s IHS, the second tranche of a sale and leaseback deal announced last year, the Gulf&#8217;s biggest telecommunications operator said on Monday. 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