![]() Currently, people in most African countries can meet their basic needs. Even (potential) economic superpowers like China and India will not achieve such rates. The Africa Development Bank Group estimates that GDP growth per capita will hover around 4% per annum through 2060. Also GDP per capita is expected to increase. But it's not only Africa's population that will grow. Rosling sketches a simplified base scenario in which the share of total world population living in Africa will grow from 15% today to more than 35% by the year 2100. According to the World Economic Forum, Africa will account for more than half of global population growth in the coming decades. So there is still some population growth ahead, but where will this come from? I initially thought that this would be Asia, but (surprise surprise) it is actually Africa that will be the main growth driver. According to projections from United Nations, worldwide population growth will slow down significantly and stabilize around the year 2100 in the 10 to 13 billion range. One of the facts that stuck with me the most is that population growth will not continue at the high pace from the past century. Rosling addresses ten human instincts that make us worry about the wrong things instead of using hard facts for our world view. For those of you who do not know this book: it uses data to show that the world, for all its imperfections, is in a much better state than most people think. I have recently finished reading a book called ' Factfullness' from the Swedish academic Hans Rosling. Prologueįirst things first: why writing a piece about American Tower and Africa? In this article I will outline American Tower's business model, the company's expansion into Africa, the financial results and future outlook, and explain why American Tower stock is very attractive at the current price levels. And if you thought things could not get any better, the stock is currently trading at attractive valuations. This will help to drive future growth and continue the impressive growth track record from the past decade. ![]() American Tower has taken advantage of this opportunity by acquiring and building cell towers in Africa at a rapid pace. The opposite is true as the African middle class is expected to boom in the coming decades which means smartphone ownership and data usage will outgrow other markets. Many people still consider Africa as a poor and weak continent that will never catch up with the 'western world'. What I especially like about this company is the increasing exposure to Africa. In my opinion, American Tower Corporation ( NYSE: AMT) is one of the best deals in the market right now. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including regulatory approvals.We are nearing 2023 and investors are looking for new investment ideas. This long-term strategic partnership perfectly complements our existing digital infrastructure investments in fibre-to-the-home roll-outs and will contribute to further position ATC Europe in some of our core markets such as Germany, France and Spain while delivering stable cash yields to our investors.” We are excited to partner with American Tower and CDPQ in ATC Europe, one of Europe’s leading independent telecommunications tower operators. Michael Pfennig, member of the management board and co-head of Infrastructure at Allianz Capital Partners, said, “Digital infrastructure has underscored in particular during the pandemic its importance as essential infrastructure to the public. With Allianz and CDPQ as committed, long-term partners in our newly expanded European business, we are more confident than ever that we are optimally positioned to generate sustainable growth and attractive returns for many years to come.” Allianz’s global infrastructure experience, extensive European investment history and investment philosophy are an excellent match for our value creation objectives in Europe, and we look forward to growing the business together while strengthening mobile broadband access in our served markets. Tom Bartlett, American Tower’s President and Chief Executive Officer, stated, “We are extremely pleased to add Allianz as a partner in ATC Europe.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |