USD85m loan for Helios Towers Tanzania
Helios Towers Tanzania has secured syndicated financing, facilitated by Standard Bank Group, worth USD85 million.
The funds will finance the next phase of expansion its network of telecommunications towers across Tanzania.
Helios Towers operates over 2 600 towers in Ghana, DRC and Tanzania. It is expected to build another 150 in Tanzania and invest in making its existing sites more fuel efficient.
Tower sharing is a fast-growing sector of the African telecoms market, bringing cost savings to operators and consumers.