Helios Investment Partners is in talks with African telecoms operators and banks about ways it can help them cash in on their mobile money and digital payments platforms.
Helios Towers plans to use an expansion into Oman to further its presence in the Middle East and North Africa, while it is also eyeing a potential deal in South Africa with MTN Group.
London-listed Helios Towers has reached agreements to buy and deploy over 2 500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”.
Independent tower operator Helios Towers said on Friday that one of its South African subsidiaries, HTSA Towers, has agreed to buy 65 wireless telecommunications sites from Eagle Towers SA.
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 $350-million primed and ready for when deal-making can resume.
Three of Africa’s largest telecommunications towers companies plan to pursue share sales in either London or New York early next year, taking advantage of high industry valuations to fund expansion, according to people familiar
Telkom may not sell the wireless arm of its troubled Nigerian subsidiary Multi-Links to rival operator Visafone, private equity group Helios reiterated at the weekend. But Telkom has come out firing, saying Helios has misinterpreted a Nigerian high court