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Telecommunication towers have drawn interest from investors in recent years, in part due to growth characteristics and the predictable nature of returns.
KKR signed an agreement this month to include the government in its $25 billion bid for the network, which Telecom Italia is offloading in an effort to trim gross debt of more than $32 billion.
August 28, 2023
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The announcement comes as Africa’s young, tech-savvy population are increasingly using their mobile phones to bridge gaps in services including banking.