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PNN Executes N7Billion Frame Agreement with
Independent Towers Limited (ITL).
To deploy and operate
200
Colocation Sites in Nigeria, Ghana and
Uganda.
Financial Standard, October 15, 2008
Lagos, Nigeria, October, 2008.
PNN, a leading Pan-African telecoms service
provider that began operations in Nigeria in
1998, and is at the fore front of turnkey
deployment and operations of Telecom
infrastructure has announced that it has
reached another milestone in the
telecommunications industry with the signing
of a frame agreement with Independent Towers
Limited (ITL), to deploy and operate 200
co-location sites in Nigeria, Ghana and
Uganda as part of the first phase of the 750
sites being planned by ITL.
Speaking at a media parley held in Lagos
recently, Alhaji AbdulRahman Abiola-Odunowo
(AJ), Managing Director/CEO of PNN, stated
that PNN intends to deploy the sites
innovatively to help reduce the capital and
operational expenditure for these sites. He
explained that “to achieve a reduction in
the operational expenses of our client, ITL
has approved that all the sites would be
deployed utilizing alternative power
solutions. We are very excited to be working
with a forward thinking organisation like
ITL because they have recognized the need to
think out of the box by deploying their
sites in a more energy efficient manner”. He
also added that 100 of these sites would be
completed and brought to use before June
2009.
Also at the media parley, Mr. Gbenga Owoeye,
Head of Business Development, Independent
Towers Limited (ITL) explained that ITL’s
main focus is to deliver a cost effective
service across Africa and the deployment of
the 1st 200 sites to Nigeria, Uganda and
Ghana is as a result of our assessment of
the current needs in these markets. “Our
choice of PNN as our turnkey service
provider is based on their understanding of
ITL’s aspirations in ensuring our
operational cost is reduced significantly
while also ensuring uptime on our sites is
100% at all times since they are the leading
telecoms infrastructure operations and
maintenance service company in Nigeria with
over 700 sites under their management.”
Owoeye also confirmed that ITL intends to
deploy over 750 sites in 6 African countries
between now and June 2010.
About ITL
ITL is a company that provides real estate
for telecom operators and also builds
operates and rents out unique power system
solutions to telecoms service providers to
enable them achieve 100% availability. They
also provide professional project management
services, like site acquisition, civil
engineering and installation work. More
information on ITL can be found on
www.ind-towers.com
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