Telekom Srbija Sells 1,800 Towers Across Serbia, Montenegro and Bosnia and Herzegovina to London-Based Company Actis

Source: eKapija Thursday, 25.01.2024. 14:39
Illustration (Photo: Jayawaradena)Illustration
An Actis-led consortium has acquired the macro tower portfolio of Telekom Srbija, a leading telecommunications operator in the CEE region, across Serbia, Bosnia & Herzegovina and Montenegro, this London-based company announced.

The company said that the carved-out portfolio was comprised of approximately 1,800 macro towers and was “well placed for further commercialization and expansion.”

Actis’ press release says that this landmark investment for digital infrastructure in the region is their eighth investment in the digital infrastructure space, with well over USD 1 billion currently committed in the sector.

– This investment strengthens Actis’ strategic decision to expand its strategy into the CEE region following on investments made in 2022 in the energy sector in Romania and Bulgaria. We look forward to a long-term relationship with Telekom Srbija in developing a first-class tower portfolio in the region – commented Jaroslava Korpanec, Partner and Head of Central and Eastern Europe at Actis.

As part of the transaction, the press release adds, an independent tower company has been established, fully controlled by Actis, which “has entered into a long-term master services agreement (MSA) with Telekom Srbija as the tower company’s anchor tenant and important partner for future growth.”

The press release also points out that the Towers market in the CEE and Western Balkans region is forecast to expand significantly over the coming years, driven by the increasing consumer demand for mobile data, the rollout of new technologies such as 5G and 6G, as well as changing mobile capacity and coverage requirements.

Let us remind that, in November last year, the CEO of Telekom Srbija, Vladimir Lucic, said that the sale of poles was a world trend and that only the poles were being sold, without the TC infrastructure.

When asked whether the sale paid off, because they would have to rent poles, Lucic confirmed that it did and said that, if it weren’t so, all other telecom companies in Europe would not have done the same.

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