Mobile Tower Deals are Expected to Significantly Pick up in Africa in the Next 12 Months With High Value at Stake for Many Players

DUBAI, UAE, September 20, 2010 - Delta Partners, the leading specialized telecoms advisory and investment
firm released its latest White Paper, titled "Tower assets in Africa: Move
now before it's check-mate" - the publication discusses the current landscape
of tower assets across Africa and the significant value potential from
sharing and selling.

Africa has yet to see sizeable pan-regional tower carve-outs mainly due
to operational challenges and deal complexities. However, significant
activity in the space brought about a number of smaller deals in 2010 across
several markets and the continent's major operators (e.g. Bhati, former Zain
Africa) are on the verge of pushing ahead with their tower strategies.

The tower space in Africa is attracting significant interest not only
from operators attempting to improve their bottom line but also from tower
companies such as Bharti-Infratel, Helios, Eaton Telecom, IHS, American
Towers and from equity investors such as Soros Strategic Partners and RIT
Capital Partners. All this interest creates an impetus for action.

"Operators must follow Tigo (Millicom) path and act soon or risk being
left out in the cold with assets whose value is declining and with a higher
cost base than competitors. Once the large tower deals in any given market
are executed, the value of the remaining towers in the market tends to drop
dramatically. Thus, seizing a first mover's advantage translates into
favourable valuations", says Joao Sousa, Partner.

In several countries, the need for new antennas is still high as rollouts
are underway to satisfy capacity requirements, 3G coverage and rural
expansion. These factors contribute towards the attractiveness of tower deals
at large.

'The business rationale for tower deals is still valid as a means of
improving operators' profitability and extract value. The question is how
much value is there, for whom and how to extract it?' says Dimitris Lioulias,
Manager. 'The value potential is different for mobile players, tower
companies and equity investors - as should their game plan be.'

'We believe there is still significant value in the African
tower space for specialized players with strong relationship with the key
Operators - TowerCos which main value proposition for the "tower seller" is
overpaying for the towers will likely destroy investors value', concludes
Joao Sousa. 'However, assessing the potential of each market is not always
straight forward and every aspiring tower company needs to carefully assess
the market's 'addressable demand' and 'accessible supply', whilst realising
that the market size alone is not what will drive returns, instead achieving
greater scale is the best guarantee for success.'

For more on the White Paper please visit
www.deltapartnersgroup.com/our_insights/whitepapers

About Delta Partners

Delta Partners is the leading TMT advisory and investment firm in
emerging markets. With more than 160 professionals the firm operates across
50 markets in the Middle East, Africa, Eastern Europe and Emerging Asia.
Delta Partners provides three synergistic services: management advisory,
corporate finance and investments from its offices in the UAE, Bahrain, South
Africa, Spain and Singapore. Delta Partners delivers tangible results to its
clients and investors through its exclusive sector focus on telecom, media
and technology, and a unique approach to services, combining strategic advice
and a hands-on pragmatic approach.

    For further information please contact:
    Mia Mutic
    Delta Partners
    +971-4-369-2999
    mmu@deltapartnersgroup.com
    www.deltapartnersgroup.com

For further information please contact: Mia Mutic, Delta Partners, +971-4-369-2999, mmu at deltapartnersgroup.com