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Africa TMT investment grows as Ethio Telecom privatization leads 2019

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Content provided by APO Group. Shega provides content from APO Group as a service to its readers, but does not

February 13, 2019
Anteneh Tesfaye Avatar

Anteneh Tesfaye

Addis Ababa, Ethiopia

,v2

Content provided by APO Group. Shega provides content from APO Group as a service to its readers, but does not edit the articles it publishes. Shega is not responsible for the content provided by APO Group.

Telecom, media and tech investment and consolidation activity in Africa is predicted to reach a record high for 2019. According to reports from specialist news provider, TMT Finance this comes as a number of significant deals are scheduled, including the opening up of Ethiopia’s telecom sector.

Pan-African telecom operators MTN, Orange and Vodacom are among those vying to enter Ethiopia for the opportunity to serve its 105 million population following progress in the telecom privatisation process, reports TMT Finance.

Ethio Telecom, which has around 66 million customers, took a major step forward in its much-anticipated privatisation last month by pre-selecting six consultancies in partnership with the World Bank. Ethio, will be split into two businesses, offering tremendous growth potential to new entrants.

Privatisations of telecom assets are also planned for Togocom and Benin Telecom in West Africa, with consolidation investments expected in Kenya and Tunisia. Meanwhile, Airtel has hired banks for an IPO of its entire Africa portfolio while several telcos are bidding for Millicom’s assets. The acceleration of investment into mobile and broadband infrastructure across the region continues as operators and investors try to meet the need for data services.

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 28th.

More than 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, Convergence Partners, 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 and others.

Key sessions at the senior executive only event include: Telecom Leadership Africa; Broadband Infrastructure; 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.

Distributed by APO Group on behalf of TMT Finance.For sponsorship or speaking opportunities, contact: Email: enquiries@tmtfinance.com

For more information or to register go to:  http://www.TMTFinance.com/capetown

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Anteneh Tesfaye Avatar
Anteneh Tesfaye

Anteneh is the founder and CEO of Shega, a company that is making sense of Ethiopia’s innovative economy through high-quality content, data, and intelligence. Previously, Anteneh overlooked the expansion of Africa’s Talking to Ethiopia. Anteneh was also part of the early team at Cred, an Indian Fintech startup that is valued at $6.2 Billion and worked as Country Research Analyst for Euromonitor International. Anteneh is an Alumni of AIESEC and Young African Leaders Initiative ( YALI ) fellow.