IHS Towers, a major mobile telecommunications infrastructure provider, says it has signed and completed the second tranche of a tower sale and lease back agreement transaction with mobile phone company, Etisalat Nigeria.
IHS Towers says the infrastructure deal is portion of the transaction that includes the transfer of 555 towers which is in addition to the 2,136 sites transferred on August 7, 2014.
The transaction is part of the broader strategy to drive improvements in the quality of Etisalat’s network performance and to accelerate the roll out of 2G, 3G and 4G coverage throughout Nigeria, while cutting down on diesel consumption, the mobile phone company says.
[blockquote right=”pull-right” cite=”Matthew Willsher, Etisalat Nigeria CEO”]“The transaction is part of the broader strategy to drive improvements in the quality of Etisalat’s network performance and to accelerate the roll out of 2G, 3G and 4G coverage throughout Nigeria, while cutting down on diesel consumption.” [/blockquote]
Under the plan, the completion of the latest infrastructure transaction, IHS will manage over 15,500 towers in Nigeria and over 23,100 towers throughout Africa.
All acquired towers will be connected to IHS’ Network Operations Centres which ensures operations are optimised says Matthew Willsher, CEO of Etisalat Nigeria, who explains that this transaction will enable the company to increase its network coverage and capacity while providing its over 23 million customers with more innovative solutions.
“At Etisalat, we are focused on satisfying our customers, which is why we partner with the best infrastructure solution providers to reinforce and sustain the quality of our network performance and to accelerate the roll-out of coverage and new services to our customers,”, adds Willsher.
Issam Darwish, Executive Vice Chairman & Group CEO of HIS says “we are delighted to continue to be trusted by Etisalat Nigeria to manage their passive infrastructure. Etisalat already has one of the highest quality networks in Nigeria and our partnership is designed to further promote network sharing, and deliver higher quality and reliable mobile services. For Etisalat, the partnership lowers operational costs and supports a cleaner environment through reduced diesel usage.”