Home › Wananchi Group secures USD 130 mln for expansion
 

Keywords :   


Wananchi Group secures USD 130 mln for expansion

2014-10-06 11:31:00| Telecompaper Headlines

(Telecompaper) Wananchi Group, owners of the Zuku Fibre, Zuku pay TV and Simbanet business services brands, has announced the closure of a USD 130 million financing. It will be used to consolidate its market leadership in East Africa and to extend services across East and Southern Africa. The funding was co-led by existing Wananchi shareholders including Altice, Liberty Global, Emerging Capital Partners and ATMT, and new investors, Helios Investment Partners. Group vice chairman Richard Bell said it will continue the deployment of FTTH networks in more cities in East Africa and extend business services networks and product offerings across a wide variety of geographies and market segments.

Tags: group usd expansion mln

Category:Telecommunications

Latest from this category

All news
»
30.09Atlantic Tropical Weather Outlook
30.09Eastern North Pacific Tropical Weather Outlook
30.09Does Chinese investment benefit or damage Ireland?
29.09Tropical Depression Twelve Public Advisory Number 1
29.09Summary for Tropical Depression Twelve (AT2/AL122024)
29.09Tropical Depression Twelve Wind Speed Probabilities Number 1
29.09Tropical Storm Joyce Forecast Discussion Number 10
29.09Tropical Depression Twelve Forecast Discussion Number 1
More »