Admaius Capital Partners has acquired a majority stake in TRES Infrastructure, Rwanda’s sole licensed owner, operator, and developer of shared telecoms infrastructure. The terms of the deal had not been disclosed as we went to press this week.
TRES will use the capital from the investment to expand its portfolio of towers over the next few years, helping Rwanda achieve its goal of providing mobile coverage to 95% of the country and facilitating the roll out of 4G and 5G technologies. The company, which counts MTN and Airtel as well as other local network service providers among its clients, has strong growth prospects, underpinned by a growing population, a steady SIM card penetration rate, and the general adoption of additional services by new subscribers.
“We are excited to be investing in Rwanda, one of the fastest-growing markets in Africa,” said Marlon Chigwende, Admaius’s Managing Partner. “GDP growth has been strong, sustainable, and relatively broad-based. Our investment in Tres will help expand network coverage to rural parts of Rwanda, as well as aid the rollout of 4G and ultimately 5G over time. In addition to capital, we are bringing experienced Towers experts to support in strengthening the Tres business.”
Asafo & Co. and ENS Africa provided legal advisory services for the deal. Gaghigiro Capital and BK Capital provided TRES Infrastructure will financial advice. Attorneys House advised the tower company on the legal aspects of the deal.
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