Albright, Helios and IFC AMC Participate in a US$630 Million Investment in Helios Towers Africa
Source: Helios Towers Africa
Telecommunications towers company Helios Towers Africa (HTA), based in Ghana, Tanzania and the Democratic Republic of the Congo, has raised US$630 million from existing and new shareholders. Existing shareholders Albright Capital Management, Helios Investment Partners, International Finance Corporation (IFC), Quantum Strategic Partners and RIT Capital Partners all added to their current stakes, while new shareholders Providence Equity Partners and IFC Asset Management Company (IFC AMC), structured through IFC African, Latin American, and Caribbean Fund, also participated. HTA, which now owns more than 7,800 towers in Africa, intends to use the capital injection to help consolidate its market position.