What Helios Towers Airtel Africa deal means for Africa
Helios Towers to reach 10,000+ sites and 10 countries four years ahead of schedule, but what does it mean for Africa?
Hot on the heels of their sale and leaseback deal with Free Senegal, Helios Towers have announced a batch of deals with Airtel Africa to add 2,227 existing sites across Madagascar, Malawi, Chad and Gabon. The deal will expand Helios Towers’ footprint to 10 markets, delivering the Group’s 2025 vision to expand their operational presence to at least eight markets, well ahead of plan and expanding the group to 11,500 towers, near its 2025 target of expanding to 12,000+ towers. TowerXchange looks at what this means for Helios Towers, Airtel and the African telecom tower world.
On March 23 Helios Towers announced four deals with Airtel Africa to acquire towers in Madagascar and Malawi and enter into exclusive memorandum of understanding arrangements for the potential acquisition of Airtel’s towers in Chad and Gabon, all subject to the required regulatory approvals.