Helios Towers Tanzania Ltd, a subsidiary of Helios Towers Africa Ltd, the independent telecoms tower infrastructure company, has announced that it has reached an agreement with Zanzibar Telecom PLC for the acquisition of all unique sites of their mainland tower portfolio
This acquisition reaffirms HTA’s commitment to drive increased infrastructure sharing, thereby reducing the costs incurred by mobile operators to deliver vital telecoms services that support economic growth, social development and job creation in local communities. HTT is also working with Zantel to decommission the duplicate towers under a separate services agreement.
HTA has built a leading position in Tanzania, one of the largest and fastest growing telecommunications markets in Africa with 37 per cent expected growth by 2020. The acquisition, which has received regulatory approval from the Tanzanian authorities, highlights the economic benefits of a telecoms towers company working with multiple operators to combine multiple legacy networks.
The acquisition will enable HTT’s customers to enhance their network coverage and increase the quality of service provided to the end user, through the additional sites. It will also facilitate lower consumer prices, in addition to the better coverage, whilst reducing capital, maintenance and operating costs for mobile services providers.
Kash Pandya, Chief Executive Officer of HTA, said: “Helios Towers Africa is proud to announce the successful acquisition of Zantel’s mainland tower portfolio, which enables us to deliver expanded coverage and network capacity in an efficient and cost-effective way. The acquisition and the decommissioning of duplicate infrastructure will help operators meet growing consumer demand whist ensuring network expansion is done in a sustainable and responsible way. We are proud to deliver business excellence to our customers and give them access to the vital telecoms infrastructure needed to facilitate the penetration of communications technology across Africa.”
Sherif El-Barbary, CEO of Zantel said: “Zantel is delighted to announce the sale of its mainland tower portfolio to Helios Towers. This is part of a wide set of transformational initiatives that Zantel has carried out since its acquisition by Millicom group in 2015. With this sale and ongoing relationship with Helios Towers, Zantel will streamline its infrastructure costs and improve the overall efficiency of the market.”
