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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...

Reuni in the Council of Ministers on 18 October 2019, the Government of the Republic of Niger has approved the acquisition of all the shares of the telecom tower manager Eaton Towers Niger SA, a subsidiary of Eaton Towers Holding Ltd, by its global competitor American Tower Corporation. This approval resulted in the draft decree transferring...

EFG Hermes, a financial services corporation in Frontier Emerging Markets, has concluded advisory to Helios Towers, a telecom tower infrastructure company in Sub-Saharan Africa, on its £288m ($367.18) initial public offering (IPO) on the London Stock Exchange (LSE). EFG Hermes, a financial services corporation in Frontier Emerging Markets, has concluded advisory to Helios Towers, a...