Eaton Towers, the African tower operator, is close to sealing its first deal in 2012, TelecomFinance understands.
The transaction, which is said to be imminent, would add several hundred towers to Eaton’s portfolio in a jurisdiction in East…
Eaton Towers, the African tower operator, is close to sealing its first deal in 2012, TelecomFinance understands.
The transaction, which is said to be imminent, would add several hundred towers to Eaton’s portfolio in a jurisdiction in East Africa.
In September last year, Eaton tower had secured US$150m funding from PE firm CIPEF.
The investment enables Eaton to raise further debt on the back of the funding, and a first US$30m debt facility was secured early in 2012 from Stanbic Bank Ghana and Standard Bank of South Africa.
When this facility was announced in mid January, Eaton Towers CFO Peter Lewis had already hinted that further transactions were on the card, speaking of Eaton Tower’s “strong deal pipeline”.
