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Innovation and consolidation to drive African telecom, media and tech deals, says Standard Bank
By: TMT Finance
Speaking ahead of the TMT Finance Africa in Cape Town 2018 conference, Nina Triantis, Global Head of TMT at Standard Bank, said there were investment and financing opportunities for the right companies in Africa, with disruption, innovation and consolidation likely to be the major deal drivers in the sector over the year ahead.
"Investment and M&A in TMT is still especially active in Africa, despite some various economic challenges still facing select countries. Investment in technology is driving applications and innovation across the continent and across sectors," she said. While economic and currency issues have dampened investor appetite in countries such as Nigeria over the past 12-24 months, conditions are now improving and stabilising, according to Triantis, which is leading to an increasing appetite from investors looking at the region, she added.
Standard Bank is one of the key sponsors of TMT Finance Africa in Cape Town 2018 (http://www.tmtfinance.com/
Triantis will be joining the TMT M&A Panel alongside multinational telecom operators Vodacom and MTN, while Ballim will be delivering a Visionary Keynote Speech centred on African Investment Outlook, ahead of the Opening Leadership Panel session.
"Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, which is resulting in increased need for capital and a lively deal flow," Triantis commented. "The debt and equity markets are both supportive for the right companies, and we expect to see several IPOs and M&A transactions in 2018," she added.
Over 70 speakers will join the event, including companies such as: MTN, Econet Wireless, Vodacom, Millicom, BCX, MainOne, Convergence Partners, SEACOM, Intelsat, Liquid Telecom, Teraco, Uber, Safaricom, Letshego, Wananchi Telecom, Rand Merchant Bank, Michael Jordaan, iROKO, Citi, MallforAfrica, Ethos Private Equity, Investec Asset Management, Primedia, Econet Media, Ringier Africa, Nedbank Capital, Credit Suisse, WIOCC, WorldRemit, Kwese Sports, Kana TV, IFC World Bank and Absa Capital.
About Standard Bank:
Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, South Africa, Standard Bank is listed on the Johannesburg Stock Exchange. Standard Bank has a 153-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.
About TMT Finance:
TMT Finance is the leading provider of exclusive news and events on M&A, investment, financing and advisory opportunities in telecom, media and technology globally.