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