Helios Towers is acquiring 65 wireless telecommunications sites in South Africa from Eagle Towers SA.
The deal was struck via Helios’ South African HTSA, and will see the unit collaborate with Eagle Towers on future business. The transaction is expected to close in the second quarter of 2020 and is subject to customary closing conditions.
A significant majority of the tenancies of these sites are with Africa’s largest mobile network operators. The deal will help Helios to broaden its geographic footprint, adding further towers to the portfolio acquired and built-out in South Africa since HTSA was established in 2019.
The acquisition enables HTSA to increase its network reach and offering to customers in the Western Cape Region of South Africa.
Kash Pandya, CEO of Helios Towers said: “We look forward to continue delivering on our strategy of providing MNOs with high quality, reliable and cost-effective open-access tower infrastructure in South Africa.”
Source Developing Telecoms