Kenya-based media and telecoms company Wananchi has secured US$140m to finance its broadband internet rollout across East Africa.
The company received a US$68m equity injection from its existing investors, including Liberty Global, Oppenheimer Funds,…
Kenya-based media and telecoms company Wananchi has secured US$140m to finance its broadband internet rollout across East Africa.
The company received a US$68m equity injection from its existing investors, including Liberty Global, Oppenheimer Funds, Sarona Asset Management, Emerging Capital Partners, and East Africa Capital Partners.
It also signed a US$72m debt investment with Overseas Private Investment Corp, a US government’s development finance institution.
TelecomFinance understands that Moelis & Co acted as adviser on that financing.
A year ago, Wananchi had secured US$57.5m in equity to support the deployment of its fibre infrastructure in Kenya and back the launch of DTH satellite pay-TV in 10 East African countries.
