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Operators Jostle to Meet Soaring Africa’s Broadband Demand

By Dipo Olowookere

Global news provider, TMT Finance, has disclosed that an urgent requirement for new investment into telecom and broadband infrastructure in Africa is driving a fresh flurry of mergers, acquisitions, IPOs, investment and financing activity, as the region’s key players jostle for position to meet the soaring demand for data across the continent.

EMEA Editor of TMT Finance, Mr Joseph d’Arrast, stated that, “The continent’s growth in the digital economy and the rising demand for data is helping to boost investor confidence in major broadband projects, of which there are many currently underway or in the pipeline.

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“In response to this, many telcos, investors and specialised operators are looking to plough significant amounts of money into key projects, with a number of IPOs, new capex financing and M&A also in the pipeline.”

To discuss the next wave of opportunities, chief executives and leading heads of finance and strategy from Africa’s key broadband infrastructure companies, private equity investors and telecom operators are meeting on a dedicated panel at TMT Finance Africa in Cape Town 2018 on March 15.

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The TMT Broadband Infrastructure panel, which will discuss strategies for regional growth, includes: Nic Rudnick, CEO, Liquid Telecom; Brandon Doyle, CEO, Convergence Partners; Byron Clatterbuck, CEO, SEACOM; Brian Jakins, Managing Director of Africa, Intelsat; and Thomas Hintze, CEO, Wananchi Telecom; and will be chaired by Keith Webb, Investment Banking, Infrastructure Finance, Rand Merchant Bank.

Over 70 key speakers have been announced for the event, with CxOs and senior executives also confirmed from companies including Vodacom, Telkom BCX, MTN, Standard Bank, American Tower Corp, Millicom, Google, Econet Wireless, MainOne, Teraco, Alcatel Submarine Networks, DLA Piper, IFC World Bank, Rack Centre, Investec Asset Management, Citi and Credit Suisse.

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Other key session themes announced include: Telecom Leadership Africa; Digital Africa; Mobile Tower Strategies; Mergers and Acquisitions; Private Equity Africa; Spectrum sharing; Regulation and Policy; Financing TMT; Investing in Mobile Data and Services; Mobile Payments and Banking, Fintech and M-Health; and Media and Convergence.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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