Global sector specialisation
In Africa, the sector presents multifaceted opportunities across telecommunication and tower infrastructure sharing, media and technology.
Standard Bank has a long history in the sector and concluded the first major telecommunications transaction in Nigeria in 1998. We work with major multinational operators as they expand across Africa and beyond, as well as smaller players that are developing a vibrant industry on the continent.
We are seeing a shift in focus from managing infrastructure and subscriber-dependent growth to reducing costs and increasing revenue through providing additional services. Consolidation in the industry is likely to take place and we can expect cooperation agreements on the sharing of tower networks to reduce operating and capital expenditure costs.
In addition, we have experience in supporting the financial needs of clients in the terrestrial and sub-sea cable sub-sector.
Tower infrastructure sharing
Standard Bank has been active in raising capital for the tower industry in Africa since 2010 and has led a number of recent transactions. We are a respected adviser, on both the buying and selling side, and have an active mandate across key countries on the continent. We are the best partner to take clients to the debt markets to support the growth of tower infrastructure sharing across Africa.
The rise of the African consumer is driving growth in the media sector. While it is a relatively fragmented industry at present, we are seeing the emergence of strong country players and regional champions. We actively service media companies in the more mature South African market and in the rest of Africa across all facets of media.
A number of countries in Africa are increasing their investment in technology. We are also seeing greater convergence between telecommunications and technology where partnerships develop to service the growing cloud computing needs of enterprise customers across the continent.