Helios Towers completed the acquisition of the passive infrastructure operating companies in Madagascar and Malawi of Airtel Africa Group for $124m.

Helios Towers, a UK-based telecommunications company, completed the acquisition of the passive infrastructure operating companies in Madagascar and Malawi of Airtel Africa Group, a provider of telecommunications and mobile money services, for $124m. "We are delighted to announce these acquisitions which, alongside the previously announced entry into Senegal, means we will deliver on our 2025 ambition to increase our operational presence to at least eight markets well ahead of schedule and represents a significant step towards our target of 12k+ sites," Kash Pandya, Helios Towers CEO.