Eaton Towers partners with Telkom Kenya
Pan-African tower company Eaton Towers announced on Friday that it had signed a deal with Telkom Kenya to cover its existing portfolio of more than 1‚000 towers.
Telkom Kenya‚ operates French telecoms group Orange's mobile and fixed-line telecommunications services in Kenya.
Mickael Ghossein‚ CEO of Telkom Kenya‚ said that the partnership would place Telkom in a strong position to expand their network and develop innovative new services‚ in particular in rural areas.
"Through this agreement‚ we will be able to reduce our operational costs and‚ at the same time‚ minimise the environmental impact of our network by reducing the use of diesel fuel‚" Ghossein said.
The 15-year management and leasing deal is focused on both the maintenance of existing sites and building new sites. The deal also extends Eaton Towers' partnership with the Orange Group following the 2012 deal with Orange Uganda.
"We are delighted to be working in partnership with Orange as the first tower company to operate in Kenya‚" said Alan Harper‚ CEO of Eaton Towers. "This agreement extends our successful relationship with the Orange Group in Africa and brings significant benefits to all parties."
Eaton Towers also announces the successful completion of its third round of equity financing‚ provided by majority shareholder Capital International Private Equity Fund and its co-investment limited partners.
Source: I-Net Bridge
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