The Rohatyn Group said it will acquire South Africa’s Ethos Private Equity to help the US investment firm expand on the continent.
Browsing: Eaton Towers
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.
MTN Group is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as R8-billion as Africa’s largest wireless carrier looks to accelerate a broader disposal plan.
Helios Towers met with a tepid response for a long-delayed share offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.
American Tower Corp has agreed to buy Eaton Towers for R27.2-billion as one of the few international providers of telecommunications infrastructure expands in the fast-growing African market.
South African telecommunications tower company Atlas Tower is in talks to bring in partners from the country’s black majority to help it expand at home and enter new markets, according to sources.
Helios Towers wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019.
Helios Towers is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year.
And then there were none. At the dawn of 2018, three African phone tower companies had dreams of selling shares in London or New York. The most optimistic estimates pegged their potential combined valuation at
IHS Towers has postponed an initial public offering that would have valued the company at as much as $10-billion (R135-billion), according to people familiar with the matter, because of concern that a sale