Helios Towers to acquire passive infrastructure assets of Free Senegal for $210m.

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.