Vantage Capital Commits US$30 Million in Financing to Surfline Communications (Sub-Saharan Africa)

Source: Vantage Capital

Africa-focused mezzanine investor Vantage Capital has concluded a transaction with Ghana-based wireless broadband company Surfline Communications to provide US$30 million worth of expansion capital to Surfline together with a co-investor. The transaction was structured through Vantage Mezzanine Fund II. The capital will be used for the ongoing expansion of Surfline’s 4G LTE network in Ghana, as well as to grow its product distribution and marketing network.