The telecommunications and financial technology companies
have been discovered to increasing investment across Africa as the rapidly
improving digital infrastructure and services, and the take up of smartphones,
provide huge opportunities for business and revenue growth, reports ITRealms.
Also, ITRealms
gathered that leaders from Africa's biggest telecom investment companies
including MTN, Orange, Helios Towers, American Tower, Eaton Towers, Google,
Microsoft, Liquid Telecom and SEACOM are meeting with investment bankers,
investors and advisers in London on May 24 to discuss accelerating new
investment opportunities in digital communications and infrastructure.
Telecom and tech companies are increasing investment across
Africa as the rapidly improving digital infrastructure and services, and the
take up of smartphones, provide huge opportunities for business and revenue
growth.
“Telecom and tech companies are ramping up their investment
plans for digital infrastructure and services across Africa as reach of service
and demand is soaring,” commented an investment banker focused on Africa. “On
the infrastructure side, operators are investing in spectrum, especially in the
700MHz band, as well as on strengthening their networks by migrating from 3G to
4G LTE-based services. Mobile tower operators are also investing heavily while
submarine and terrestrial cable providers have been increasing the available
backbone infrastructure.”
“Improving broadband speeds and access is also having a big
impact on both business to business and consumer focused opportunities.
Datacentre investment appetite is growing and Smartphone take-up is supporting
the growth in m-commerce, m-money and m-banking services which presents a
massive opportunity for vendors and application providers.”
Over 200 senior telecom, media and tech executives,
including many industry CEOs, investment bankers and advisers will meet at TMTFinance Africa 2017 at the Hilton Hotel Tower
Bridge in London on May 24 to discuss the new investment and partnership
opportunities.
The executive only event, which is in its eight year in
London, features over 70 speakers and 25 sessions on telecom, media and tech
investment and partnership opportunities for Africa.
Participating companies include: MTN Group, Orange, Liquid
Telecom, Eaton Towers, American Tower Corporation, Jumia Food, SEACOM, Savannah
Fund, Fibersat, PayStack, Sliide Airtime, Connect Africa, Rack Centre, Citi,
Helios Towers Africa, Standard Bank Group, Atlas Mara Ltd, Draper Dark Flow,
Google, Microsoft, Ringier Africa, Norton Rose Fullbright, WorldRemit, IFC,
Amadeus Capital Partners, WIOCC, Societe Generale Chanzo Capital, Africa Mobile
Networks, African Broadcast Network, Intelsat, Digital World Capital, MainOne
Cable, M-KOPA Solar, Flexenclosure, Hardiman Telecom and African Capital
Alliance.
Nonye Dom/GEE
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