• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business Acquisitions

Is Pan African Towers up for grabs? Nigeria’s telecom star faces sale rumours

...telecom coy could shift hands in market surge

Rtn. Victor Ojelabi by Rtn. Victor Ojelabi
September 15, 2025
in Acquisitions
0
Pan African Towers

PAT’s been a steady player since 2017; it’s a perfect springboard for Indus

Pan African Towers, Nigeria’s telecom gem since 2017, faces sale rumours as DPI and Verod seek buyers in a booming market. Is a major deal on the horizon?

Whispers are rippling through Nigeria’s telecom scene: Pan African Towers (PAT), the homegrown heavyweight that’s been building digital bridges since 2017, might be on the auction block.

Sources close to the deal, speaking off the record to Freelanews, say the company’s private equity owners; Development Partners International (DPI) and Verod Capital, are quietly shopping it around, looking to cash in on PAT’s clout in a market desperate for more cell towers.

The buzz comes hot on the heels of a failed joint venture bid with Eastcastle Infrastructure earlier this year and a bold management buyout in November 2023 that saw DPI and Verod scoop up a 99% stake (DPI with 67%, Verod with 32%) through PAT Holdings Limited.

Word on the street is the deal could peg PAT’s value in the hundreds of millions, given its nearly 1,000 towers dotting Nigeria.

“They’re feeling out buyers for a clean exit,” one top executive close to the deal spilled. “It could sell to the highest bidder if the right offer is on the table.”

Nigeria’s telecom sector is a pressure cooker, needing 70,000 to 80,000 more towers to roll out 4G and 5G properly, according to the Ministry of Communications and Digital Economy.

PAT, born in 2017 as a scrappy Nigerian answer to global giants like IHS Towers and American Tower Corporation, has been a standout, leasing space to heavyweights like MTN, Airtel, and Glo.

In eight years, it’s racked up over 1,200 tenants through savvy colocation deals, riding the wave of Nigeria’s data-hungry consumers.

Earlier this year, PAT reportedly cozied up to Eastcastle Infrastructure, a pan-African player backed by the International Finance Corporation and African Infrastructure Investment Managers.

The plan? A joint venture to crank out more towers. But talks fizzled; some say over price tags, others point to clashing visions and process misalignments. Neither side is talking, leaving the rumor mill to churn.

Rewind to November 2023, when DPI and Verod’s buyout was the talk of the town.

Enter India’s Indus Towers, the world’s third-biggest tower operator with over 251,000 sites, which just threw its hat in the African ring this September.

Backed by Bharti Airtel; a major PAT client, Indus is eyeing Nigeria, Uganda, and Zambia.

“PAT’s been a steady player since 2017; it’s a perfect springboard for Indus,” a telecom insider told Freelanews.

When reached for comment, PAT, DPI, and Verod stayed mum. A Verod rep doubled down on their “commitment to Africa’s infrastructure,” but the silence speaks volumes.

Also read: Access Bank finalises acquisition of National Bank of Kenya, expands East African footprint

With mobile data use set to skyrocket fourfold by 2030, PAT’s next move, whether it’s a blockbuster sale, a new alliance, or going it alone, could reshape Nigeria’s digital future.

otunba victor profile picture scaled
Rtn. Victor Ojelabi

Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.

Related Posts

Ali Khalpey scaled
Acquisitions

‘Islamabad Diagnostic Centre’ EFG Hermes advises TPG’s Evercare Group on 50% stake sale

by Freelanews
December 24, 2021
Mouka
Acquisitions

‘Indisputable Pan-African champion’ Moroccan firm acquires Mouka Foam in $60m deal

by Freelanews
December 6, 2021
Fidelity Lekki
Acquisitions

‘Consider merger’ Analyst advises Fidelity Bank on shortcut to attain Tier 1 status

by Freelanews
June 22, 2022
Wakanow acquires NairaBox
Acquisitions

Wakanow acquires NairaBox in bold lifestyle expansion

by Freelanews
October 13, 2025
polaris bank
Acquisitions

‘Sold!’ Strategic Capital Investment acquires 100% equity in Polaris Bank

by Quadri Olaitan
October 21, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.