Helios Towers Africa Ltd

completed

The total project cost is estimated to be around US$450 million equivalent of equity capital. The proposed investment by IFC is for up to a maximum of US$35 million in the form of equity in Helios Towers Africa Limited (“HTA” or the “Company”) for IFC’s own account. In addition, the IFC African, Latin American and Caribbean Fund (the “ALAC Fund”), managed by the IFC Asset Management Company, is considering an up to US$75 million equity investment in HTA.HTA is a holding company with ownership interest in operating subsidiaries that acquire, build and operate telecommunications towers and leases space on such towers to mobile operators in Ghana, DRC, and Tanzania, so those towers are effectively shared towers. HTA’s new project involves expanding the Company’s number of towers, particularly in Tanzania, through the acquisition of tower portfolios from mobile network operators and building new towers to suit their requirements. It is expected that the project will see HTA increasing its tower portfolio to more than 6,000 from thecurrent 3000.