Middle East investment firm Opens an Office in Johannesburg
One of the largest telecoms advisory and investment firm in the Middle East has opened an office in Johannesburg as the first step in its planned African expansion.
Delta Partners said the increased acquisitive interest that foreign operators were taking in African network operators was a signal of further consolidation in the market in the near future. That should create plenty of business for an advisory firm based in the region, the company believes.
The firm is also assessing whether it should create an $80m equity fund to support telecoms operators looking to expand in sub-Saharan African and needing the cash and industry expertise to help them do so. That would be set up within a year if the company decides to go ahead.
The South African office will be run by Delta's managing partner, Kristoff Puelinckx, and will initially house about 10 staff, which could double within a year.