In October 2014, Helios announced an investment of $40 million in Wananchi Group Holdings (“Wananchi”) in a funding round led by Helios and the existing strategic shareholders, Altice S.A. and Liberty Global Inc. Together Helios, Altice and Liberty Global contributed c.85% of the funding round, alongside the other existing financial investors, ATMT and Emerging Capital Partners. Founded in 2008, Wananchi is the leading East African broadband cable triple play (internet, TV, and voice) provider, and has a strong mid-market direct to home (“DTH”) platform spanning Kenya, Tanzania, Uganda, Malawi and Zambia.
- Sector: Media and Telecommunications
- Country / Region: Kenya, Malawi, Tanzania, Uganda, Zambia
- Website: http://wananchi.com