Helios Towers Africa to invest USD 100mn in Tanzania - report.

By bne IntelliNews August 22, 2011
Helios Towers Africa plans to invest as much as USD 100mn over five years in Tanzania, The Citizen daily reported. This will be in addition to the USD 130mn the company spent on the acquisition of 1,180 towers from Millicom's subsidiary Tigo Tanzania in December, Helios Towers Africa CEO, Charles Green, was quoted as saying. According to the executive, Helios has held talks with other operators about collocating its towers in Tanzania and could add investment to acquire or build additional sites to expand its network. Earlier this month, Tanzania's telecoms regulator licensed Helios Towers Africa to run mobile phone towers in the country.

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