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Independent telecom infrastructure company Helios Towers has signed an agreement with Senegal’s second largest operator Free Senegal to acquire the mobile operator’s passive infrastructure assets. The deal, which will be fully financed by Helios Towers’ existing cash and debt facilities, is expected to close by Q1 2021 and is subject to customary completion conditions and...

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Helios Towers is acquiring the passive infrastructure assets of Senegal’s number two mobile player Free Senegal for US$188.2 million. Through this transaction, Helios Towers will become the largest independent tower infrastructure provider in Senegal with 1,220 sites. Free Senegal is backed by a consortium of investors including Teyliom Group, Sofima and NJJ, a private holding...

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American Tower Corporation (ATC) will increase its telecom towers in Nigeria to meet the high demand for connectivity. The company ordered 189 towers from the Indian Salasar Techno Engineering. The market is estimated at $ 2.43 million. The Indian infrastructure company, Salasar Techno Engineering, announced on July 14, 2020 that it has received an order from American...

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The Constitutional Court (ConCourt) delivered a blow to Telkom yesterday, dismissing the company’s bid to be allowed to install telecommunications stations – cellphone masts – at locations of its choice without prior approval from local authorities. Telkom approached the ConCourt seeking the interpretation of Section 22 of the Electronic Communications Act. It wanted the court...

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Despite having over US$350-million at hand to finance its expansion plans for Africa, telecommunications tower infrastructure company, Helios Towers, has announced that it cannot go ahead with the investment in the light of the ongoing global COVID-19 pandemic that has also hit telecoms markets in Africa. Helios Towers CEO Kash Pandya said the current environment...

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Helios Towers’ plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has US$350-million (R6.6-billion) primed and ready for when deal-making can resume. The telecommunications firm raised funds in an initial public offering in October, with the proceeds earmarked to fund an entry into new...

Telecommunications tower manager Helios Towers is very interested in the Ethiopian telecom market, which is opening its doors to foreign investors. The company estimates that over the next three to five years, the business should be profitable in light of the need for telecom towers to extend network coverage across the country. Helios Towers, which estimates...

MTN Group Ltd. is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as 8 billion rand ($534 million) as Africa’s largest wireless carrier looks to accelerate a broader disposal plan. The South African company is looking to exit joint ventures with American Tower Corp., which expanded on...