Africa's Helios Towers raises $630 mln equity after deal with India's Airtel

LAGOS, July 10 Thu Jul 10, 2014 5:06am EDT

LAGOS, July 10 (Reuters) - Helios Towers Africa said on Thursday it has secured equity financing of $630 million from new and existing investors, a day after India's Bharti Airtel Ltd agreed to sell about 3,100 of its telecoms towers in Africa to Helios.

The pan-African mobile infrastructure firm, founded by George Soros-backed Helios Investment Partners, has completed negotiations on new and extended debt facilities of over $350 million with international and local lenders, it said in a statement. (Reporting by Chijioke Ohuocha)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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