TowerXchange: Congratulations on Helios Towers Africa’s deal with Vodacom Tanzania! What was the rationale for the deal?
Andres de Orleans-Borbon, CFO, Helios Towers Africa:
Tower transactions are typically motivated either by financial engineering or by operating reasons. Emerging market operators with successful international strategies like Vodacom don’t need cash, so in this case the motivation was operational.
Vodacom are the number one operator in Tanzania, and they are investing in an important network expansion. They needed access to most of the infrastructure Helios Towers Africa owned in Tanzania, and they needed a programme to build a large number of new towers.
