TCRA licenses Helios to run mobile towers business in Tanzania

8 Aug 2011

National regulator the Tanzania Communications Regulatory Authority (TCRA) has issued a licence to Helios Towers Africa, enabling the UK-based firm to run mobile phone towers in the east African country, Reuters reports. Helios has acquired 1,180 mobile towers from Millicom International Cellular (MIC’s) local cellular unit Tigo Tanzania for minimum USD80 million in cash. As part of the deal Tigo will take a 40% stake in the towers company, Helios said in a statement. In a similar deal, MIC’s mobile arm in the Democratic Republic of the Congo has agreed to sell 729 towers for at least USD45 million to Helios Towers Africa.