">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 27, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

Helios Towers Africa Raises $630 Million for African Expansion

Sam Wakoba by Sam Wakoba
7 years ago
in Business, Startups, Tech, Telcos
5 min read
0

Related posts

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
aimbot -8

UNDP Gifts Kenya With Robots That Will Aid In Fighting COVID-19

January 26, 2021
0

Towers1Helios Towers Africa has raised $630 million in new equity resources from existing and new shareholders from new shareholders Providence Equity Partners and IFC African, Latin American, and Caribbean Fund and existing shareholders including: Quantum Strategic Partners, Helios Investment Partners, Albright Capital Management, RIT Capital Partners and the International Finance Corporation (IFC).

Chuck Green, Chief Executive Officer of HTA, added, “We are delighted to have received this vote of confidence in our strategy and the growth opportunity available, from both our existing investors and new supporters. The market opportunity is as compelling as ever and this new capital injection will help us to consolidate our pan-African vision and market leading position, even further. We now have over 7,800 owned towers in Africa and the financial firepower to enter more new markets.”

This round of funding comes just hours after the HTA announced it had acquired 3,100 towers for around $2b from Bharti Airtel making HTA the largest tower company in Africa, with over 7,800 owned towers.

HTA also expects to complete negotiations shortly on new and extended debt facilities of over $350 million with a strong syndicate of international and local lending institutions.

READ  Kenya’s XYZ Show Season 9 Is Set To Premier This Weekend On NTV & Buni TV

Following this latest injection of capital into the business, HTA will have raised over $1.8 billion in external financing since inception in late 2009 to fund acquisitions and organic growth. This capital has enabled HTA to achieve and optimise its growth strategy with regard to the African telecoms towers industry, in which there continues to be huge potential.

The growth drivers underpinning the telecoms towers industry continue to be robust. There is a need for 100,000 Points of Service (“PoS”) in Africa to merely satisfy demand for 2G coverage and associated capacity demand over the next five years. This PoS requirement is underpinned further by the growing demand for 3G and 4G data, which is driving the need for significant additional infrastructure capacity and in-fill across the continent.

“As long-term investors in the global wireless industry, we are excited about the tremendous growth potential across Africa and HTA’s unique position as the leading, independent telecoms tower company on the continent,” said Dany Rammal, a Managing Director at Providence.

“We are very pleased to enter into a partnership with HTA and its investors,” said Sujoy Bose, Head of the IFC African, Latin American, and Caribbean Fund. “HTA is well-positioned for growth in several under-penetrated markets in Africa and the Bharti Airtel transaction is another demonstration of the company’s credibility with large operators in the mobile telephone industry.”

In July 2013, HTA acquired 100 percent of Vodacom Tanzania’s towers.

Image:www.africatelecomit.com

Readers 1,168

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: AfricaBharti AirtelHelios Towers Africa
Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Tech

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0
Tech

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0
Startups

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
aimbot -8
Tech

UNDP Gifts Kenya With Robots That Will Aid In Fighting COVID-19

January 26, 2021
0
Tech

Signal Adds WhatsApp Like Features That Have Made The App More Interactive

January 26, 2021
0
Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba
Tech

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Samsung, Safaricom partner to push Samsung Galaxy S21 pre-orders

January 26, 2021

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021

8 Facts People Don’t Know About Bitcoin

January 26, 2021

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021

3 Tips On Avoiding Cryptocurrency Scams

January 26, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: