A new pan-African tower investor has been formed – Helios Towers Africa (HTA), with the idea to build and maintain telecommunications towers and lease space on those towers to service providers across the continent. The new company has initial equity commitment of $350 million, and will work similarly to Helios Towers Nigeria, which was also formed by HTA’s lead sponsor – Helios Investment Partners. Meaning it will allow operators to outsource non-core activities and passive infrastructure, so they [operators] could focus resources on improving their core products and services.
Other backers of the company include Soros Strategic Partners, RIT Capital Partners and Lord Rothschild’s family interests, and Albright Capital Management.
[Via: CellularNews]