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

http://www.heliostowers.com

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

http://www.ifc.org

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.

http://www.heliosinvestment.com

Related:

Helios Towers Ghana acquiert des tours de

Millicom International Cellular en Afrique du Sud

http://www.generation-nt.com