LONDON: Helios Towers Ltd, the independent telecoms tower infrastructure company, has completed the previously announced partnership agreement with Vulatel (Pty) Ltd to create a South African telecommunications infrastructure platform, Helios Towers South Africa (HTSA).[the_ad id=”31605″]As part of the strategy to invest into wireless and fixed-line open-access infrastructure in South Africa through the joint platform, HTSA has acquired 13 fibre regeneration sites across the country. The regeneration sites host equipment aimed at reducing signal degradation in fibre networks across significant distances around the country.
This investment enable HTSA to provide a new type of services to Mobile Network Operators (MNOs), addressing the evolving needs of its customers. It further illustrates Helios Towers’ diversification into adjacent verticals in the telecoms infrastructure space. The company expects HTSA to keep expanding its neutral host fibre infrastructure product offering as data traffic growth accelerates, a notice issued to London Stock Exchange (LSE) said.
Commenting on this agreement, Kash Pandya, CEO of Helios Towers said: “We are delighted to announce the acquisition of 13 regeneration sites across South Africa, the first by Helios Towers South Africa, our joint platform with Vulatel. Having closed on this first transaction with Vulatel, we look forward to continue delivering on our stated strategy of providing MNOs with open-access infrastructure in multiple verticals.
“South Africa is a leader in telecommunications innovation on the continent, and other Sub-Saharan countries are already following similar trends, offering us further opportunities to leverage our fibre expertise in our other four markets alongside our already strong expertise in tower infrastructure.”