Helios Investment Partners – together with Pembani Group, First City Monument Bank and IFC – have announced the completion of the sale of HTN Towers (HTN), the pioneer of tower infrastructure sharing in Africa, to IHS Holding, the largest mobile telecoms infrastructure provider in Africa, Europe and Middle East.
Founded by Helios in 2006, HTN was the first independent telecom tower company in Africa devoted to building and operating towers. The company has since grown rapidly and is recognized for providing best-in-class service to customers across Nigeria.
In January 2005, the principals of Helios founded Helios Towers Nigeria (HTN) to capitalize on the extremely strong growth in mobile telephony in Nigeria by deploying the successful tower leasing business model pioneered by US-based companies such as Crown Castle International and American Tower. Helios and affiliated entities invested US $58.9 million in the company and held 22.5 per cent which, together with affiliated entities, gave Helios a majority interest on a fully-diluted basis.
The sale of HTN underscores the strength of Helios’ investment strategy, which is to acquire and build market leading platform companies, operating in the core economic sectors of key African countries, with an emphasis on portfolio operations as a creator of value.
IHS Holdings has operations in Nigeria, Cameroon, Rwanda, Ivory Coast and Zambia.
Helios Investment Partners is an Africa-focused private investment firm managing funds totalling approximately $3 billion. Helios has investments in countries across the African continent, including Nigeria, Ghana, Kenya, Tanzania, Angola, South Africa, Egypt and Morocco.