Smile Raises $365 Million for African Wireless Expansion

Updated on
  • National 4G coverage in Nigeria, Tanzania, Uganda this year
  • Targeting 1 million mobile broadband customers before 2017

Smile Telecoms Holdings Ltd., which offers wireless Internet access in Nigeria, Tanzania and Uganda, raised $365 million in debt and equity financing to develop faster connections and extend broadband services to the Democratic Republic of Congo.

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