TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Standard Bank IT spending tops R10-billion in six months

      19 August 2022

      Hungry Prosus to splurge up to R30.7-billion on iFood stake

      19 August 2022

      Koeberg unit shut down due to mechanical fault

      19 August 2022

      Blue Label expects robust full-year earnings growth

      19 August 2022

      Sarb tells banks they should work with crypto exchanges

      18 August 2022
    • World

      15 September pegged as target date for ethereum’s big ‘Merge’

      19 August 2022

      Qualcomm gets serious about servers

      19 August 2022

      China blasts US over ‘discriminatory’ Chips Act

      18 August 2022

      Tencent reports first-ever sales decline

      17 August 2022

      Chip makers are flashing a big warning for the global economy

      17 August 2022
    • In-depth

      Are you a chronic procrastinator? Read this!

      18 August 2022

      Semiconductor boom turns to bust

      16 August 2022

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      How AI could transform financial services in emerging markets

      19 August 2022

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Eaton Towers secures $150m in new funding

    Eaton Towers secures $150m in new funding

    News By Editor19 September 2011
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Alan Harper

    Independent cellphone tower operator Eaton Towers has secured US$150m in equity funding from Capital International Private Equity Funds (Cipef), a private equity investor that focuses on emerging markets.

    The funding will be used to acquire, build and develop telecommunications towers across Africa for both existing and new projects, Eaton says.

    Since inception in 1992, Cipef has invested approximately $3bn in equity in about 75 emerging market companies, especially those involved in telecoms and related infrastructure.

    Cipef joins existing Eaton shareholder African Development Partners I, a private equity fund advised by Development Partners International, in funding the business.

    Eaton CEO Alan Harper says the Cipef deal will give “further momentum” to the company’s efforts to “become a major independent provider of shared tower facilities across Africa”.

    The company expects to raise “significant additional debt” on the back of the investment.

    Eaton was founded by Harper — who was formerly on the executive committee of Vodafone — and by former Celtel director Terry Rhodes and former Orange CEO Sanjiv Ahuja.

    The company says the new funding will allow it to buy additional tower portfolios from operators and build new towers on which it will sell co-location and shared infrastructure facilities to mobile operators.

    In October 2010, Eaton Towers signed a 10-year contract to take over the operations and co-location management of 750 telecoms towers for Vodafone Ghana and the company says it is well advanced with plans to extend its operations across other parts of Africa.

    It is yet to win a deal in SA, where Cell C recently sold a big chunk of its tower portfolio to Eaton rival American Tower Corp.  — Staff reporter, TechCentral

    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Facebook
    • Visit our sister website, SportsCentral (still in beta)
    Alan Harper American Tower Corp Capital International Private Equity Funds Cell C Celtel Cipef Eaton Towers Orange Sanjiv Ahuja Terry Rhodes Vodafone
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleIBM sets up office in Angola
    Next Article Congo’s tablet computer: pictures emerge

    Related Posts

    Standard Bank IT spending tops R10-billion in six months

    19 August 2022

    Hungry Prosus to splurge up to R30.7-billion on iFood stake

    19 August 2022

    Koeberg unit shut down due to mechanical fault

    19 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Does your contact centre have the CX factor?

    19 August 2022

    Entelek, A2pay to roll out 2 500 free Wi-Fi sites in South Africa

    18 August 2022

    Companies are drowning in data – but solutions are at hand

    18 August 2022
    Opinion

    How AI could transform financial services in emerging markets

    19 August 2022

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.