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Helios buys and refurbishes 1,000 telephone towers in Tanzania

Helios Towers Tanzania Ltd raised US$100 million in 2014 to acquire 1,000 telephone towers from Vodacom Tanzania Ltd. EAIF provided a US$10 million loan to the financing for refurbishment and expansion of the tower network.

March 2014

Helios Towers

Telecoms & Digital
Telecoms & Digital
Overall: US$ 100m
EAIF: US$ 10m

Upgrading the towers will introduce advanced technologies, allowing service providers to offer consumers more products and services. Tower sharing meaans service providers can avoid the capital costs of building their own towers. The Helios investment contributes to Tazania’s abilty to develop its digital economy.

Businesses can expand their online presence and consumers will be able to access more products and more businesses. Economic activity that relies on global connectivity will also benefit.

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specilaist consultants.