Africa: Over $10 billon of Africa TMT (Telecom, Media and Technology) infrastructure initial public offering (IPO) and mergers and acquisitions (M&A) deals predicted in 2019 as investor appetite and valuations grow
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. |
Maoni
Chapisha Maoni