Thursday, November 26, 2009

INVESTING IN AFRICA


http://blogs.wsj.com/source/2009/11/25/soros-joins-top-names-in-african-deal/

Reports indicate that Helios Investment Partners, has brought in George Soros, Madeleine Albright and Jacob Rothschild into a deal to open up mobile phones to the African population without telecommunication access.

As co-investors in Helios Towers Africa, the four have committed an initial $350m in equity to buy mobile phone masts in the continent outside of Nigeria and boost telecoms penetration rates beyond 45%.

www.directinvestment.biz

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