Helios Investment Partners agrees sale of HTN Towers
3rd March 2016
Acting on behalf of funds to which it is advisor, Helios Investment Partners (“Helios”) today announced it has agreed the sale of HTN Towers (“HTN”), the pioneer tower company in Nigeria, to IHS Towers (“IHS”), the largest telecommunications infrastructure provider in Africa, Europe and the Middle East.
HTN was the first independent telecom tower company in Africa devoted to building and operating towers. Founded in 2006 by Helios, the company has since grown rapidly and is recognized for providing best-in-class service to customers across Nigeria.
Babatunde Soyoye, co-founder and Managing Partner of Helios Investment Partners, said: “We are extremely proud of Helios’ pioneering role in introducing the shared insfrastructure model to Africa, founding and helping to develop HTN, the continent’s first independent telecom tower operator. With its enhanced operating model and market leading position, we believe the company has built a strong and sustainable platform to continue its development. We wish the management team, IHS and all of HTN’s employees continued success.”
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.