Helios Towers raises USD 630 mln in new equity

News Wireless Africa 10 JUL 2014
Helios Towers raises USD 630 mln in new equity
Helios Towers Africa announced it has raised USD 630 million in new equity resources from existing and new shareholders. HTA also expects to complete negotiations shortly on new and extended debt facilities of over USD 350 million with a syndicate of international and local lending institutions. Existing shareholders including Quantum Strategic Partners, Helios Investment Partners, Albright Capital Management, RIT Capital Partners and the International Finance Corporation all added to their  stakes and are now joined by new shareholders Providence Equity Partners and IFC African, Latin American and Caribbean Fund. Following this latest injection of capital, HTA will have raised over USD 1.8 billion in external financing since inception in late 2009 to fund acquisitions and organic growth. As a result of the recently announced transaction with Bharti Airtel, HTA is nearly doubling its footprint to 7,800 owned towers.

Categories:

Mobile

Companies:

Bharti Airtel,  Helios Towers

Regions:

Africa

Tags:

Wholesale, Financial funding

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