American Tower Corporation’s Africa Operations to Boost MTN Nigeria's Connectivity Through Sustainable Agreement
November 10 2023 - 7:30AM
Business Wire
American Tower Corporation's Africa operations (ATC Africa, or
the Company), and MTN Nigeria, today announced that they have
entered into a new agreement that is expected to enhance wireless
connectivity across Nigeria.
Under the terms of the agreement, ATC Africa will facilitate new
tenancies for MTN Nigeria over a multi-year period, commencing in
the second half of 2024. The Company expects to meet MTN Nigeria's
site requirements by leveraging ATC Africa's extensive portfolio of
over 8,000 sites in Nigeria, a substantial portion of which already
incorporate green energy solutions. Additionally, new sites will be
deployed in accordance with ATC Africa's green site
specifications.
Marek Busfy, Senior Vice President and CEO of ATC Africa
expressed his enthusiasm about the announcement, stating , "We're
thrilled to further strengthen our partnership with MTN Nigeria. We
believe this agreement, which secures incremental lease-up on our
existing portfolio and a strong development pipeline, clearly
demonstrates the differentiated value ATC Africa can provide its
customers through our quality of assets, leading build-to-suit
capabilities, and best-in-class Power-as-a-Service and green site
offerings."
This agreement marks a significant step towards expanding and
improving wireless services in Nigeria while prioritising
sustainability and responsible business practices.
MTN Nigeria CEO, Karl Toriola shared, “Through this partnership
with ATC Africa, we are setting the stage for a new era of
connectivity in Nigeria, one that not only meets the growing
demands of our customers but also aligns with our commitment to
sustainability and environmental responsibility."
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of nearly 225,000
communications sites and a highly interconnected footprint of U.S.
data center facilities. For more information about American Tower,
please visit the “Earnings Materials” and “Investor Presentations”
section of our investor relations website at
www.americantower.com.
American Tower in Africa
We established our presence in Africa in 2011 and today operate
nearly 24,000 sites across Burkina Faso, Ghana, Kenya, Niger,
Nigeria, South Africa and Uganda. Our customers include the
region’s leading Mobile Network Operators (MNOs). Access to
broadband services has helped unlock an array of new opportunities
and services that are enhancing the livelihoods of Africans,
spurring Africa’s economic growth, and advancing the 2030
Sustainable Development Agenda for the continent.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
concerning American Tower’s goals, beliefs, expectations,
strategies, objectives, plans, future operating results and
underlying assumptions and other statements that are not
necessarily based on historical facts. Forward-looking statements
can generally be identified by the use of words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“forecast,” “intend,” “may,” “plan,” “project,” “potential,”
“seek,” “should,” “think,” “will,” “would” and similar expressions,
or they may use future dates. Actual results may differ materially
from those indicated in American Tower’s forward-looking statements
as a result of various factors, including those factors set forth
in Item 1A of its Form 10-K for the year ended December 31, 2022,
as updated in our Form 10-Q for the six months ended June 30, 2023,
under the caption “Risk Factors”. American Tower undertakes no
obligation to update the information contained in this press
release to reflect subsequently occurring events or
circumstances.
About MTN Nigeria
MTN Nigeria is one of Africa’s largest providers of
communications services, connecting over 77 million people in
communities across the country with each other and the world.
Guided by a belief that everybody deserves the benefits of a
modern, connected life, MTN Nigeria’s leadership position in
coverage, capacity and innovation has remained constant since its
launch in 2001. MTN Nigeria is part of the MTN Group - a
multinational telecommunications group, which operates in 19
countries in Africa and the Middle East.
To learn more about MTN Nigeria, visit www.mtnonline.com For
more information, please contact us Phone: Lakinbofa Goodluck on
+234 (0) 803 200 0224 Email: Lakinbofa.goodluck@mtn.com Email:
mediaenquiries.NG@mtn.com Follow us: www.twitter.com/MTNNG
www.linkedin.com/company/mtn-Nigeria
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version on businesswire.com: https://www.businesswire.com/news/home/20231110858803/en/
ATC Africa Alex Kowalski Senior Director, Communications
EMEA and LatAm alejandrokowalski@americantower.com
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