Investing

Helios Towers Bets on Africa’s Data Boom with Congo Investment

Helios Towers Plc is committing $110 million of new investment in Democratic Republic of Congo, which it considers one of the most attractive growth opportunities across its nine markets.

African data consumption is projected to quadruple over the next five years, and Congo — where as many as 40 million people still lack mobile coverage — could see usage rates grow even faster, Helios Chief Executive Officer Tom Greenwood said.