Telecom tower manager and subsidiary of Helios Towers Africa group, Helios Towers Tanzania has got a syndicated loan of $95 million. The deal which was arranged by Standard Bank of South Africa Ltd, recorded the financial participation of Stanbic Bank Tanzania Limited, Dutch development finance bank FMO, Investec Bank Limited, National Micro Finance Bank Plc and The Emerging Africa Infrastructure Fund Limited. The money borrowed will allow Helios Towers Tanzania to expand its telecom tower network across Tanzania, ftseglobalmarkets.com revealed.

In Tanzania, the telecom market is extremely buoyant. It counts seven operators namely, Vodacom, Tigo, Airtel, Smart, Benson, Halotel, TTCL, which still have a low coverage of rural and distant areas. With the telecom regulator urging operators to extend their services to these areas, Helios Towers Africa’s plan to expand should benefit these areas. Also, its infrastructures will be used by the operators. En Tanzanie, le marché des télécommunications est encore très porteur.

Helios Towers will thus make more money as operators, aiming to save, will not invest in an individual expansion of network. Also, customers with no access to network will be connected and thus benefit from value added services such as Mobile Money. In all, the project will benefit most.