Developing markets specialist operator Millicom has struck a deal with African tower firm Helios Towers that will see ownership of 729 of the towers in its network in the Republic of the Congo (DRC) transferred to Helios. Under the deal, Millicom’s local operation Tigo will receive at least $45m in cash upfront and retain a significant minority interest in Helios’ own DRC subsidiary, Helios Towers DRC (HTD).
Millicom-owned African carrier Tigo said this week that it has acquired more than 250,000 new customers in less than three months following its return to two troubled eastern provinces of the Democratic Republic of the Congo (DRC).
Gaming presents a valuable revenue source for mobile operators, as Eidos chief Ian Livingstone explained at Broadband World Forum in October. One such firm, global operator group Millicom International Cellular, under its Tigo brand, is aiming to grasp the opportunity by inking a deal with mobile games service provider and publisher Thumbstar Games. The deal covers various countries in Latin America as well as Africa.
The flurry of infrastructure outsourcing deals in Africa continues, as the Tanzanian operation of Millicom International Cellular, Tigo, agrees to sell approximately 1,020 towers to tower management firm Helios Towers.
The West African nation of Ghana is poised for further growth, but increased competition is bound to make things challenging. Africa, particularly sub-Saharan Africa, is under close scrutiny at the moment. Despite raging growth in recent years, mobile penetration remains relatively low and countries across the region are seen as an attractive option in the [...]