Eaton Towers gets $150m funding to boost Africa operations

London-based telecoms company, Eaton Towers has secured a $150 million private funding from the Capital International Private Equity Funds to enable the company to roll out services to remote areas more cheaply, the Reuters news agency reports September 19, 2011.

“Their backing, combined with our management team’s expertise in Africa and telecoms management, will give further momentum to our efforts to become a major independent provider of shared tower facilities across Africa,” Eaton’s Chief Executive Officer Alan Harper said in a statement cited by Reuters.

In 2010, the company started managing the towers of Vodafone Ghana after signing a ten-year telecom tower outsourcing agreement with Vodafone Ghana.

Its operations are focussed on the African region.

By Ekow Quandzie