ATC Nigeria Wireless Infrastructure Solutions Limited (ATC) has emerged as the preferred tower services provider for 2,500 MTN Nigeria towers whose leases are due to expire in 2024 and 2025, after a bidding process that saw current managers IHS lose out.
MTN Nigeria called for a tender for the tower contract in line with its procurement policy.
“Following a review of the bids received for tower services for the affected sites, ATC Nigeria Wireless Infrastructure Solutions Limited (ATC) was selected as the preferred tower company for those sites based on its superior bid submission,” MTN Nigeria said in a filing on the NGX.
“Additionally, this will further diversify our site portfolio and align with our proactive initiatives to renegotiate tower agreements, focusing on ensuring terms that will help cushion the business from the volatility in our trading environment.”
ATC will take over the provision of tower services for the affected sites from 2025.