Helios Towers, SWAP Technologies Ink Tower Deals
HELIOS Towers stands to increase its tower portfolio by up to 58% as a result of a managed services and co-location deal brokered with SWAP Technologies and Telecomms Plc (SWAP).
According to the deal Helios Towers will manage 702 sites owned by SWAP and located in Lagos, Abuja and across 32 other states.
HTN Towers will contract directly with SWAP’s customers under the terms of its existing customer tenancy agreements and earn additional revenues from co-locating new customers onto the SWAP towers.
Inder Bajaj, chief executive officer, Helios Towers, expressed delight at the development which means that the company’s current portfolio incorporates 1,905 towers in total.
“The agreement provides the platform to expand the number of towers we manage by up to 58% and increases our coverage across Nigeria. It is also a further vote of confidence in the strength and quality of HTN Towers’ operations and customer service.”
Bajaj’s counterpart at SWAP, acting group chief executive officer Kesavan Madhavarao shares his sentiments.
“SWAP management is excited about the successful consummation of this landmark agreement between SWAP and HTN Towers, which is first of its kind in Nigeria or perhaps in Africa. We are very confident that this relationship will result in enhanced value for both SWAP, HTN Towers as well as for the esteemed customers with enhanced and superior quality of services.”
HTN Towers also revealed that it has commenced operations on 100 SWAP sites and will take over management of the remaining sites in a phased manner, subject to the receipt of consent from customers.