IFC Worldbank invests $25m in Mobile phone Helios Towers Africa
Post date: Jan 13, 2011 11:22:08 AM
13 January 2011
Nigeria: IFC Invests U.S.$25 Million in
Helios Towers Africa
Corporate Headquarters
305 Jide Oki Street,
Off Ligali Ayorinde Street,
Victoria Island,
Lagos Nigeria.
+234 (0) 1 4616349
+234 (0) 1 4613215
Increase mobile phone coverage and reduce communication costs . According to the statement, HTA is building a pan-Africa tower company starting in Ghana and Tanzania,
Chief Executive Officer, HTA, Charles Green explained
"Broadening access to affordable mobile telecommunications services remains a crucial part of development across Africa . With this investment, IFC is further lowering the barriers to accessing the knowledge, innovation, and improved government and business services that mobile communications can bring," it said.
source: allafrica.com
Helios Towers Africa, Ltd.
Summary of Proposed Investment
Helios Towers Africa Ltd
42 Brook Street
London W1K 5DB
Telephone: +44 20 3008 7118
Fax: +44 20 3008 7117
HELIOS INVESTMENT PARTNERS
In November 2009, Helios and a group of investors including Soros Strategic Partners LP, RIT Capital Partners plc and Lord Rothschild’s family interests, Albright Capital Management LLC committed US$350m
to Helios Towers Africa Limited (“HTA”). HTA, a newly formed company will build and maintain telecommunications towers and lease space on those towers to wireless telecommunications services providers across Africa.
Related:
Helios Towers Ghana acquiert des tours de
Millicom International Cellular en Afrique du Sud