Tigo DRC, a subsidiary of Millicom International Cellular S.A., has announced the sale of 729 mobile phone towers to Helios Towers DRC, a direct subsidiary of Helios Towers Africa. The masts will be sold for $45 million in addition to a minority stake in Helios Towers DRC.
Furthermore, under a long-term leasing agreement, Helios Towers DRC will give Tigo DRC access to wireless communications towers. This is the third deal between Millicom and Helios in Africa following successful partnerships in Ghana and Tanzania.
In This Story: Democratic Republic of Congo
The Democratic Republic of the Congo, also known as Congo-Kinshasa, DR Congo, the DROC, or simply either Congo or the Congo, and historically Zaire, is a country in Central Africa. The capital is Kinshasa.
With a population of over 101 million, the Democratic Republic of the Congo is the most-populous officially Francophone country in the world.
The Democratic Republic of the Congo is extremely rich in natural resources but has suffered from political instability. As of 2018, around 600,000 Congolese have fled to neighbouring countries from conflicts in the centre and east of the DRC. Two million children risk starvation, and the fighting has displaced 4.5 million people.