Independent telecoms tower infrastructure firm Helios Towers this week announced that it has signed agreements with Airtel Africa to acquire its passive infrastructure operating companies in Madagascar and Malawi.
Helios Towers also enters into exclusive MoU arrangements for the potential acquisition of Airtel Africa's passive infrastructure assets in Chad and Gabon.
The total consideration for the acquisition of the passive infrastructure companies in Madagascar and Malawi is expected to be $108 million, which represents an enterprise value of $124 million including estimated transaction costs and capitalised ground leases for the Group.
In addition, Helios Towers has received a BTS commitment from Airtel Africa representing an additional 195 sites over the three years upon completion for which a further $11 million of deferred consideration and $24 million growth capex are expected to be invested by the Group.
The Group expects to disclose consideration details for Chad and Gabon upon signing of the acquisition agreements in each market.
