Helios Tower to expand Africa reach with planned $100m capital from IFC
Eaton telecom towers. African mobile operators are increasingly turning to tower leasing companies like Eaton Towers and HTA as they seek to slash their operating costs and free up funds for deployment to other capital intensive projects. Photo/FILE
The International Finance Corporation plans to inject $100 million into Helios Tower Africa (HTA) Ltd, in a deal that will see the latter increase its presence on the continent.
The Mauritius-based HTA plans to acquire telecommunication towers from operators, develop them, then lease them back to the industry.
