November 28, 2014 10:45 PM ET

Wireless Telecommunication Services

Company Overview of Eaton Towers Limited

Company Overview

Eaton Towers Limited, a tower sharing company, owns and manages towers in Ghana, Uganda, and South Africa. It invests and builds towers to lease to mobile network operators. The company was founded in 2008 and is headquartered in London, United Kingdom with additional offices in Kenya.

103 Wigmore Street

First Floor

London,  W1U 1QS

United Kingdom

Founded in 2008

Phone:

44 20 7467 3945

Key Executives for Eaton Towers Limited

Co-Founder
Age: 57
Founder and Non-Executive Director
Age: 57
Co-founder and Director
Age: 58
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2014.

Eaton Towers Limited Key Developments

Bharti Airtel Reportedly To Sell Its Phone Masts In Tanzania And Malawi

Bharti Airtel Limited (BSE:532454) is reportedly planning to sell its masts in Tanzania to Helios Towers Nigeria Limited, while units in Malawi will go to Eaton Towers Limited, a person with knowledge of the deal said. Bharti have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads. The Tanzania sale will include about 1,000 towers, said the source, who declined to be identified because the deal has not been concluded. The source did not say how many towers in Malawi would be sold. Bharti has said it would sell 3,500 towers across six African countries to Eaton, and 3,100 masts in four countries to Helios. It has not given details on the countries involved. According to Reuters, Eaton Chief Executive Officer, Alan Harper declined to comment on the details of the sales, including the countries involved and Helios and Bharti both declined to comment. "They've been signed but the deals haven't closed yet. We're talking 3,500 towers across six countries so it takes time to move those sorts of transactions forward but we would hope that sort of transaction timeframe would be realistic,", Alan Harper said.

Bharti Airtel to Lease Back the Towers from Eaton Under 10 Year Pact

Bharti Airtel will sell more than 3,500 of its mobile towers in six African countries to telecommunications tower firm, Eaton Towers in a bid to reduce costs. Bharti Airtel will lease back the towers from Eaton under a 10-year pact. But they did not disclose financial details of the deal. The agreements are subject to statutory and regulatory approvals in the respective African countries. The latest pact with Eaton will enable Bhari Airtel focus on its core business and customers, help it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure.

Eaton Towers Kenya Presents at TMT Finance & Investment East Africa Summit 2013, Nov-26-2013 04:15 PM

Eaton Towers Kenya Presents at TMT Finance & Investment East Africa Summit 2013, Nov-26-2013 04:15 PM. Venue: InterContinental Nairobi, City Hall Way, Nairobi, 00200, Kenya. Speakers: Peter Reinartz, Managing Director.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 8, 2014
Bharti Airtel International (Netherlands) BV, 3500 African Telecom Towers
 

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