Eaton Towers

INVESTMENT YEAR: 2015 - Current

EatonTowers
BUSINESS DESCRIPTION:
Shared telecoms towers
INVESTMENT PARTNERS:
Hamilton Lane & HarbourVest
FUND:
ENTERPRISE VALUE
US$ 150 Million
Eaton Towers
EatonTowers
Overview

Eaton Towers is a leading pan-African independent tower company (“ITC”) that owns and manages a geographically diversified tower portfolio on the African continent.  Its customers comprise blue-chip GSM operators in the respective countries that it operates including: Ghana, Uganda; Kenya; Niger; and Burkina Faso. Eaton Towers employs c.190 people across its operations.

The company has market-leading positions (#1 or #2) in each country which provides it with the ability to grow alongside its customers as mobile penetration and data utilisation continue to increase in each of the countries which it operates.