Last July, a consortium of investors injected the sum of $ 36 million into Africa Mobile Networks. With this money, the company has made various investments in the various markets where it is already present. She also has new countries in her sights.
Africa Mobile Networks (AMN), specializing in the construction of telecom towers in rural communities in sub-Saharan Africa deprived of access to mobile networks, is expanding its presence in twelve countries of the continent. On Monday, November 15, it announced the signing of an agreement for this purpose with Gilat Satellite Networks Ltd, one of the world’s leading providers of high-speed satellite communications, to deploy its Gilat hubs. It also placed additional orders for Gilat cell link terminals to serve several telecommunications operators.
Michael Darcy, Chairman and CEO of AMN, justifies the choice made on Gilat Satellite Networks Ltd for the extension of its presence ” because of its superior cellular link network on satellite technology “. Michal Aharonov, Gilat’s Commercial Director, commented that “ Gilat is working closely with AMN to further extend the reach of the cell link network to other sites and regions over the next few years, including the migration to 4G as the need for data communication increases ”.
The investment launched by Africa Mobile Networks with the support of Gilat Satellite Networks Ltd comes three months after the company succeeded in raising $ 36 million against a stake in its capital by a consortium of investors formed among others of the British development finance institution CDC Group; the German development finance institution DEG, a subsidiary of the French development agency in charge of the private sector, Proparco. The money is intended to support AMN’s expansion from the current level of around 2,000 towers in 10 countries to over 10,000 towers in more than 19 countries by the end of 2025.
As digital transformation is gradually taking shape across Africa, accelerated since last year by Covid-19, access for the majority of the continent’s population to telecom networks is becoming essential. The telecom towers deployed by AMN will contribute to this.