NIGERIAN AND CANADIAN FIRM PARTNERS FOR A N7.2 BILLION TELECOM INFRASTRUCTURE DEAL
Pan African Towers signs deal with Watt Renewable Corporation for Alternative Energy solution
A Telecom Infrastructure deal between Nigerian firm Pan African Towers (PAT) Limited and Watt Renewable Corporation of Canada have been signed. The N7.2 billion partnership deal will see Watt Renewable providing alternative energy solutions to power Pan African Towers sites in Nigeria.
These alternative energy solutions like solar and other renewable energies will replace the diesel-powered conventional generators. The telecom infrastructure deal between both companies aims to revolutionize service delivery, drive broadband penetration and promote financial inclusion in Nigeria.
Chief Executive Officer of PAT, Wole Abu said “The deal will impact greatly and positively on the quality of both voice and data service in the country. He also said power disruption is one of the major challenge confronting telecoms operators in Nigeria and it needs improvement.”
Therefore, the PAT and Watt Renewable Corporation deal will help solve its power problems; while making its business operations more profitable.
PAT manages about 1,000 towers in Nigeria and they will all be in the Telecom Infrastructure deal with Watt Renewable.
According to CEO/Founder, Watt Renewable, Oluwole Eweje ”We are not just providing power to a business. He said they will also use an anchor station to provide power to communities that are without power.”
They are looking at connecting about 4,000 new connections, businesses and residential homes. He said the Telecom Infrastructure project is a long one and that some international investors are on board with the project. The first phase will include 45 sites; Watt Renewable is targeting to grow organically in the country.
Director, Investor Relations, Watt Renewable, Sherisse Alexander said Partnership between telecoms operators and power firms are critical to the sector. This will help improve services.
Pan African Towers’ client base includes MTN, Airtel, Glo, 9Mobile, Spectranet, Smile, and also ICSL.