Helios Towers eyes Ethiopia, sees need for 2,000 more towers over next 5 years

Tuesday 17 December 2019 | 10:19 CET | News
Telecom infrastructure company Helios Towers is understood to be interested in opportunities in the Ethiopian market, reports ITWeb. According to the company, Ethiopia will require USD 1.5 billion in investment in infrastructure over the next five years, to increase the number of towers to 10,000. Helios Towers CEO Kash Pandya and the chief financial officer Tom Greenwood have confirmed business interest in Ethiopia's towers market, said the news portal.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Ethio Telecom / Ethio-Telecom / Helios Towers
Countries: Ethiopia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Helios Towers eyes African expansion using USD 450 mln new funds

Published 12 Jun 2020 09:43 CET | Africa
Helios Towers plans to use about USD 450 million in newly raised funds to expand into African countries including Ethiopia, ...

Helios Towers prices USD 750 million issue of 7% senior notes due 2025

Published 10 Jun 2020 10:02 CET | Africa
Helios Towers has announced the successful pricing of an offering by its subsidiary HTA Group of 7.00 percent senior notes due ...

Helios Towers says current environment does not favour acquisitions

Published 08 Apr 2020 09:54 CET | Africa | Update: 09 Apr 2020 09:11 CET
Helios Towers CEO Kash Pandya says the current environment does not favour acquisitions, ITWeb reported, referring to the ...

Ethiopia delays award of new telecoms licences

Published 27 Feb 2020 09:14 CET | Ethiopia
Ethiopia will delay the award of two telecoms licences to foreign mobile companies beyond March, responding to requests from ...

Safaricom opens talks with consortium partners for Ethiopia entry

Published 19 Feb 2020 09:16 CET | Ethiopia
Kenyan operator Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two ...

Ethio Telecom H1 revenue rises 32%

Published 16 Jan 2020 09:44 CET | Ethiopia
Ethio Telecom has reported a 32 percent rise in revenue to ETB 22 billion for the first half year ended 31 December 2019, reports ...

Orange leaning towards new Ethiopian licence rather than Ethio Telecom investment

Published 16 Dec 2019 09:45 CET | Ethiopia
Orange Group has found the prospect of securing one of the two new Ethiopian licences to be granted in March 2020 more appealing ...

Emerging markets towercos form global alliance

Published 05 Dec 2019 13:30 CET | World
A new alliance of mobile tower companies active in emerging markets has launched with the support of the World Bank's ...

Alibaba to establish eWTP digital hub in Ethiopia

Published 25 Nov 2019 13:52 CET | Ethiopia
The first major initiative for the eWTP partnership in Ethiopia will be the development of a multifunction digital trade hub to ...

Helios Towers revenue grows 8% to USD 288 mln in first 9 months

Published 14 Nov 2019 15:41 CET | Africa
African mobile infrastructure operator Helios Towers has reported an 8 percent increase in revenue to USD 288 million in the ...

EACC denies approving merger of Telkom with Airtel Kenya

Published 11 Nov 2019 10:47 CET | Kenya
The Ethics and Anti-Corruption Commission (EACC) says its yet to clear the merger of Telkom and Airtel Kenya, reports Business ...

Ethiopia plans to issue two telecoms licenses by April 2020

Published 23 Oct 2019 09:10 CET | Ethiopia
In June, Reuters reported that Ethiopia would issue the licenses by the end of the year, quoting Ethiopian officials and telecoms ...

Eutelsat in talks to join Ethiopia telecom market

Published 22 Oct 2019 09:08 CET | Ethiopia
Eutelsat has expressed its interest to join the Ethiopian telecommunications sector, following the liberalization decision taken ...

Helios Towers raises GBP 250 mln in London IPO

Published 17 Oct 2019 12:20 CET | Africa
The African operator Helios Towers has raised a total of GBP 250 million in its initial public offering of shares in London. The ...

ArianeGroup to build satellite manufacturing and testing centre in Ethiopia

Published 17 Oct 2019 11:16 CET | Ethiopia
Ethiopia announced it will soon launch satellite manufacturing, assembly, integration and testing (MAIT) facilities in Addis ...