Helios Towers Tanzania Ltd, a subsidiary of Helios Towers Africa Ltd (“HTA”) has secured a US$95 million syndicated term loan facility led by Standard Bank Group for further expansion.
The firm will use the funds to expand its network of telecommunications towers across Tanzania and continued investments to drive operational excellence across the portfolio.
Kash Pandya, Chief Executive Officer of HTA, said: “The new facility in Tanzania will help us expand tower sharing solutions across the country and meet new demand for tower sharing, benefiting both the citizens and the environment.”
Since HTT’s launch in 2011, the Tanzanian market has seen the number of telecom base stations expand by approximately 5,500, whilst the number of towers has only grown by 2,900 due to increased tower sharing. This increased level of sharing highlights the impact that HTT has had on driving efficiencies and reducing the environmental impact of delivering the telecommunications services needed to facilitate development in emerging economies.
Working together with its customers, HTT will continue to help them achieve their goals of: reducing operating costs, preserving capital, and preventing the proliferation of towers through infrastructure sharing, as they expand network coverage and capacity to keep pace with demand and deliver next generation networks.
Nina Triantis, Standard Bank’s Global Head of Telecoms and Media, added “Standard Bank is delighted to collaborate with HTA again, this time with a new debt facility for HTT, the leading independent tower company in Tanzania.”
Helios Towers Africa has established one of Africa’s most extensive tower networks with more than 5,500 towers in four markets. HTA builds and manages telecoms infrastructure, leasing it to operators across the continent. The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and leasing them back to the seller and other operators.
Investors in HTA include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.