Helios Towers, which earlier this week announced its entry into the South African market in a joint venture with Vulatel, said on Friday that is has acquired a controlling stake in SA Towers.
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Helios Towers has earmarked $100-million (about R1.4-billion) for spending on telecommunications infrastructure in South Africa in the next three to four years.
Telecommunications tower operator Helios Towers has entered the South African market, promising big investments in infrastructure as the country moves to 5G.