Helios Towers Africa Raising almost $1B for regional expansion

Helios Towers Africa, the owner of telecommunications towers in three countries on the continent, is raising almost $1 billion in capital to expand in the region, Chief Financial Officer Andres de Orleans Borbon said.

The Mauritius-based company has raised $630 million in equity from shareholders including International Finance Corp., the World Bank’s investment unit, and is planning a syndicated loan worth more than $350 million, it said in an e-mailed statement today.

Read more: Helios Towers Africa Raising $980 Million for Regional Expansion – Businessweek.