PROJECT

Projects

Summary of Investment Information

Project Number

34963

Company Name

HELIOS TOWERS AFRICA LLP

Date SPI Disclosed

Apr 14, 2014

Country

Africa Region

Region

Africa

Projected Board Date

May 16, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

TMT, Venture Capital & Funds

Industry

Telecommunications and Technology

Previous Events

Approved : Jun 19, 2014
Signed : Jul 9, 2014
Invested : Mar 18, 2015

Sector

Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)

Project Description

The project entails an additional IFC’s equity investment of up to US$35 million in Helios Towers Africa Limited (“HTA” or the “Company”) that acquires, builds and operates telecommunications towers and leases space on such towers to mobile operators in Sub-Saharan Africa (excluding Nigeria). The company is looking to finance its further expansion in existing and new markets in the region.
HTA was established in 2009 to provide GSM and fixed wireless operators in Africa with an economically viable and environmentally friendly alternative to in-house construction, maintenance and ownership of telecommunications towers. In June 2010, IFC made a US$25 million equity investment in the company. HTA currently operates in three countries – in Ghana, Tanzania and DRC.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation