Helios Towers plans to use about $450-million in newly raised funds to expand into African countries, reviving an expansion plan that was put on hold by the Covid-19 pandemic.
Browsing: American Tower Corp
Helios Towers rose 1.8% in London after raising R5.4-billion in a long-delayed share sale that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Rwanda is hoping for a boom in business with plans to offer free Wi-Fi-based Internet access nationwide, starting with a roll-out in the capital city, Kigali. The Rwandan government started the city-wide roll-out last month, targeting schools, public buildings, bus stations and hotels in the city first. IT minister
Vodacom is selling more than a thousand of its base stations in Tanzania to tower operator Helios in a deal worth about US$75m, according to a UK media report. This is the first time that Vodacom has sold tower infrastructure to a third party, the Financial Times newspaper reported at the weekend. Its South African
MTN has moved to play down a report that suggested it has entered into “formal discussions” to sell as many as half of its South African base stations to tower management company American Tower Corp. International telecommunications investment information website