Millicom Ghana (trading as Tigo) has agreed to sell approximately 750 towers to Helios Towers Ghana (HTG), a direct subsidiary of Helios Towers Africa. As a result of the transaction, Tigo Ghana will retain a minority interest in Helios Towers Ghana (HTG).
Additionally, Tigo Ghana and Helios Towers have entered into a long term leasing agreement where Helios Towers will provide Tigo Ghana with wireless communications towers, including a build-to-suit agreement to support the company’s wireless networks. Helios Towers will seek similar agreements with other operators in Ghana. The transaction is expected to create savings in both capital and operating expenditure for Tigo Ghana. Read the rest of this entry »
Helios Towers Nigeria (HTN) has secured a $100 million investment from the World Bank’s International Finance Corporation (IFC) as part of a $250 million capital injection that will help the company increase its network to 2,000 sites nationwide.
