Announced
Financials
Tags
telecommunications infrastructure
Cross Border
Single Bidder
Infrastructure
Majority
Disposal
Acquisition
Friendly
Pending
Senegal
Telecommunications infrastructure
Private
Synopsis
Helios Towers, the independent telecommunications infrastructure company, agreed to acquire passive infrastructure assets of Free Senegal, the second largest mobile operator in Senegal, for $210m. "This agreement is aligned perfectly with our 2025 strategic ambitions, broadening our footprint within the African towers infrastructure market. We are acquiring a market-leading independent position in Senegal with long-term contracted revenues and a clear path to value creation through additional organic tower development, uplifts in the tenancy ratio and improved operational effectiveness, all built on the foundation of 15-year contracts. We look forward to working with Free Senegal and the other MNOs over the coming years to further develop mobile infrastructure in Senegal," Kash Pandya, Helios CEO.
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