In August 2007, Helios completed the $165 million purchase of a 22% interest in Africatel with an option to acquire an additional 3% which has since been exercised. Africatel was  formed to aggregate the sub-Saharan Africa telecommunications assets – principally in Angola, Namibia, Cape Verde and São Tomé – of the Portugal Telecom Group.

 

  • Sector: Telecommunications
  • Country / Region: Angola, Cape Verde, Kenya, Mozambique, Namibia, Sao Tome and Principe
  • Website: http://www.africatel.com