Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, to IHS Holding Limited, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East.
Founded by Helios in 2006, HTN was the first independent telecom tower company in Africa devoted to building and operating towers. The company has since grown rapidly and is recognized for providing best-in-class service to customers across Nigeria.
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.
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