Friday, May 20, 2022
TechBergMag
Advertisement
  • Home
  • News
    Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

    Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

    South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

    South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

    Hackers Attack Central Bank of Zambia

    Hackers Attack Central Bank of Zambia

    Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

    Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

    Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

    Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

    Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

    Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

    Trending Tags

  • Digital Economy
    Oracle to Open new R&D Lab in Morocco

    Oracle to Open new R&D Lab in Morocco

    Google is acquiring security intelligence firm Mandiant for $5.4B

    Google donates the Istio service mesh to the Cloud Native Computing Foundation

    Spotify launches new fund to support independent open source projects

    Spotify launches new fund to support independent open source projects

    Zenda gets $9.4M to streamline school fee payment and management

    Zenda gets $9.4M to streamline school fee payment and management

    Twitter accepts Elon Musk’s $44B acquisition offer

    Twitter accepts Elon Musk’s $44B acquisition offer

    LG’s  OLED TVs   Delivers Premium HDR Gameplay With G-SYNC Gaming Support

    LG’s OLED TVs Delivers Premium HDR Gameplay With G-SYNC Gaming Support

    Trending Tags

  • Features
    MTN new logo

    MTN Introduces Digital Multi-experience Platform with Tecnotree

    How Branch is Promoting Financial Inclusion in Nigeria

    How Branch is Promoting Financial Inclusion in Nigeria

    FedEx

    Microsoft Partners FedEx to Launch new Cross-platform Logistics Solution for e-commerce

    Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

    Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

    OZÉ

    Ghanaian Fintech Startup OZÉ Raises $3 Million Pre-Series A Funding Round to Expand

    TallOrder,

    South African POS Startup Raises $3.1 Million Series A Funding for Product Development

  • Interviews
    LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

    LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

    Nigerian Startup Transfy Sees Strong Early Use of Payments Infrastructure, Plots Speedy Growth

    Pantami

    Cybersecurity: Nigerian Govt Direct MDAs to Migrates from Yahoo, Gmail to Government Top-level Domain

    Meeula

    Nigerian Startup Meeula Unveils Smart Business Card Solution

    Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

    Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

    Medallion

    Nnamani: How Medallion’s Success Attracts more Players to Datacentre business

    TECNO announces world’s first telescopic macro lens for smartphones

    Largest darknet stolen credit card site closes

    Largest darknet stolen credit card site closes

    Trending Tags

    • Lists
      Russian Internet users are learning how to beat Putin’s internet crackdown

      Russian Internet users are learning how to beat Putin’s internet crackdown

      25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

      25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

    • Contact
    • Download
      • Magazine
      • Newsletter
    No Result
    View All Result
    • Home
    • News
      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      Hackers Attack Central Bank of Zambia

      Hackers Attack Central Bank of Zambia

      Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

      Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

      Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

      Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

      Trending Tags

    • Digital Economy
      Oracle to Open new R&D Lab in Morocco

      Oracle to Open new R&D Lab in Morocco

      Google is acquiring security intelligence firm Mandiant for $5.4B

      Google donates the Istio service mesh to the Cloud Native Computing Foundation

      Spotify launches new fund to support independent open source projects

      Spotify launches new fund to support independent open source projects

      Zenda gets $9.4M to streamline school fee payment and management

      Zenda gets $9.4M to streamline school fee payment and management

      Twitter accepts Elon Musk’s $44B acquisition offer

      Twitter accepts Elon Musk’s $44B acquisition offer

      LG’s  OLED TVs   Delivers Premium HDR Gameplay With G-SYNC Gaming Support

      LG’s OLED TVs Delivers Premium HDR Gameplay With G-SYNC Gaming Support

      Trending Tags

    • Features
      MTN new logo

      MTN Introduces Digital Multi-experience Platform with Tecnotree

      How Branch is Promoting Financial Inclusion in Nigeria

      How Branch is Promoting Financial Inclusion in Nigeria

      FedEx

      Microsoft Partners FedEx to Launch new Cross-platform Logistics Solution for e-commerce

      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      OZÉ

      Ghanaian Fintech Startup OZÉ Raises $3 Million Pre-Series A Funding Round to Expand

      TallOrder,

      South African POS Startup Raises $3.1 Million Series A Funding for Product Development

    • Interviews
      LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

      LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

      Nigerian Startup Transfy Sees Strong Early Use of Payments Infrastructure, Plots Speedy Growth

      Pantami

      Cybersecurity: Nigerian Govt Direct MDAs to Migrates from Yahoo, Gmail to Government Top-level Domain

      Meeula

      Nigerian Startup Meeula Unveils Smart Business Card Solution

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Medallion

      Nnamani: How Medallion’s Success Attracts more Players to Datacentre business

      TECNO announces world’s first telescopic macro lens for smartphones

      Largest darknet stolen credit card site closes

      Largest darknet stolen credit card site closes

      Trending Tags

      • Lists
        Russian Internet users are learning how to beat Putin’s internet crackdown

        Russian Internet users are learning how to beat Putin’s internet crackdown

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

      • Contact
      • Download
        • Magazine
        • Newsletter
      No Result
      View All Result
      TechBergMag
      No Result
      View All Result
      Home News

      IHS Towers Acquires Assets Worth $315 million in Brazil

      admin by admin
      January 25, 2022
      in Features, News
      0
      IHS Towers  Acquires  Assets Worth $315 million  in Brazil
      Share on FacebookShare on Twitter

      In furtherance of its inorganic expansion drive in South America, IHS Towers has just spent $315 million to acquire São Paulo Cinco Locação de Torres Ltd (SP5), a portfolio company formerly owned by one of Brazil’s largest telecom towers operators —Grupo Torresur.

      In a press statement , IHS Towers explained that the deal would see it take over ownership of as many as 7, 000 tower assets in Brazil. In addition to this, it would also take ownership of a secondary fibre network that covers about 6.4 million homes.

      While commenting on the deal, the company’s Chief Executive Officer, Sam Darwish, said the acquisition has helped to increase IHS Tower’s attractiveness to stakeholders in Latin America.

      “The acquisition of GTS’ SP5 portfolio will be our fifth transaction since we entered the region two years ago and is a testament to our continued commitment to serving the connectivity demands of Latin America. In the SP5 portfolio there are 2,115 sites strategically located across Brazil, increasing the attractiveness of IHS’ portfolio to our customers whether in Brazil or across our Latam operations,” Mr Darwish noted.

      In the meantime, the deal is still subject to regulatory approvals, although it is expected to be finalised in this first quarter of 2022.

      The statement by the company further noted that SP5 would be “integrated into IHS Towers’ existing Brazilian business with no employees transferring to IHS Towers under the acquisition”.

      Note that in the first full year following the deal, IHS Towers expects that the acquired assets would have delivered an adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) of $36 million and revenue of $38 million, respectively.

      Recall that IHS Towers had, in October last year, listed its shares on the New York Stock Exchange during an Initial Public Offering (IPO) that was priced at $21 per share. It became the largest Africa-focused company to list on the NYSE.

      The Lagos-based company is one of the largest operators and developers of shared telecommunication infrastructure in the world. It operates across Africa, the Middle East and South America.

      Note that in the first full year following the deal, IHS Towers expects that the acquired assets would have delivered an adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) of $36 million and revenue of $38 million, respectively.

      Recall that IHS Towers had, in October last year, listed its shares on the New York Stock Exchange during an Initial Public Offering (IPO) that was priced at $21 per share. It became the largest Africa-focused company to list on the NYSE.

      The Lagos-based company is one of the largest operators and developers of shared telecommunication infrastructure in the world. It operates across Africa, the Middle East and South America.

      Previous Post

      REVIEW: Google Pixel Stand is Nice but Not a Must

      Next Post

      South African Fintech Startup Floatpays Raises $4m Seed Funding Round for African Expansion

      admin

      admin

      Next Post
      Floatpays

      South African Fintech Startup Floatpays Raises $4m Seed Funding Round for African Expansion

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      • Trending
      • Comments
      • Latest
      Clickatell Raises $91M to Scale its Chat Commerce Platform and US Expansion

      Clickatell Raises $91M to Scale its Chat Commerce Platform and US Expansion

      February 23, 2022
      Ghana Plans to Develop Regulatory Framework for the use of Artificial Intelligence

      Ghana Plans to Develop Regulatory Framework for the use of Artificial Intelligence

      January 31, 2022
      Airtel Africa Gets new Chief Strategy, Partnership and Sustainability Officer

      Airtel Africa Gets new Chief Strategy, Partnership and Sustainability Officer

      February 11, 2022
      PayedIn Technology

      PayeIn Unveils new Payment Solution in Nigeria

      January 25, 2022
      Largest darknet stolen credit card site closes

      Largest darknet stolen credit card site closes

      0

      TECNO announces world’s first telescopic macro lens for smartphones

      0
      Apple digital keys reportedly coming to some Hyundai cars this summer

      Apple digital keys reportedly coming to some Hyundai cars this summer

      0
      After Dutch antitrust order, Apple starts letting local dating apps use alternative payment options

      After Dutch antitrust order, Apple starts letting local dating apps use alternative payment options

      0
      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      May 19, 2022
      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      May 19, 2022
      Oracle to Open new R&D Lab in Morocco

      Oracle to Open new R&D Lab in Morocco

      May 18, 2022
      Hackers Attack Central Bank of Zambia

      Hackers Attack Central Bank of Zambia

      May 18, 2022

      Recent News

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      May 19, 2022
      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      May 19, 2022
      Oracle to Open new R&D Lab in Morocco

      Oracle to Open new R&D Lab in Morocco

      May 18, 2022
      Hackers Attack Central Bank of Zambia

      Hackers Attack Central Bank of Zambia

      May 18, 2022
      TechBergMag

      Techberg Magazine is a tech inspired magazine that is focused on publishing technology related stories mainly on the African Continent.

      Follow Us

      Browse by Category

      • Digital Economy
      • Features
      • Interviews
      • News
      • Review

      Recent News

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      May 19, 2022
      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      May 19, 2022

      Copyright © Techbergmag 2022. All Rights Reserved

      No Result
      View All Result

      Copyright © Techbergmag 2022. All Rights Reserved