Helios Towers Africa, Ltd. signed an agreement to acquire 89.5% stake in SA Towers (Pty) Ltd on January 18, 2019. Helios Towers will acquire a controlling interest in the business of SA Towers and fund the business's future rollout. As part of the agreement, Helios Towers will invest into the platform and provide management expertise to accelerate the conversion of the pipeline.

SA Towers' team will integrate into the Helios Towers organization and manage the day-to-day South African tower operations, bringing to bear their significant knowledge of the market and local customer relationships. HTSA will fund and support the build out and expansion of the pipeline of permitted locations. Vinson & Elkins LLP acted as legal advisor to Helios Towers Ltd.