Helios Towers Tanzania acquires Zantel’s mainland tower portfolio

17 August 2017

Mergers, Acquisitions and Financial Results

Helios Towers Tanzania (HTT) has reached an agreement with Zanzibar Telecom (Zantel) for the acquisition of all unique sites in their mainland tower portfolio.

A subsidiary of Helios Towers Africa, HTT is also working with Zantel to decommission the duplicate towers under a separate services agreement.

This acquisition reaffirms HTA’s commitment to drive increased infrastructure sharing, thereby reducing the costs incurred by mobile operators to deliver vital telecoms services that support economic growth, social development and job creation in local communities. HTA’s decommissioning of the duplicate towers will also help to reduce the environmental impact of delivering telecoms services as well as improve operational efficiencies.

HTA has built a leading position in Tanzania, one of the largest and fastest growing telecommunications markets in Africa with 37% expected growth by 2020. The acquisition, which has received regulatory approval from the Tanzanian authorities, highlights the economic benefits of a telecoms towers company working with multiple operators to combine multiple legacy networks.

The acquisition will enable HTT’s customers to enhance their network coverage and increase the quality of service provided to the end user, through the additional sites. It will also facilitate lower consumer prices, in addition to the better coverage, whilst reducing capital, maintenance and operating costs for mobile services providers.

“The acquisition of Zantel’s mainland tower portfolio…enables us to deliver expanded coverage and network capacity in an efficient and cost-effective way. The acquisition and the decommissioning of duplicate infrastructure will help operators meet growing consumer demand whist ensuring network expansion is done in a sustainable and responsible way”, said Kash Pandya, Chief Executive Officer of HTA.

Source: Developing Telecom