Helios Towers Commits $110 Million to Congo as Africa Data Use Set to Quadruple
Updated
Updated · Bloomberg · May 18
Helios Towers Commits $110 Million to Congo as Africa Data Use Set to Quadruple
1 articles · Updated · Bloomberg · May 18
$110 million of new investment will go into Democratic Republic of Congo, which Helios Towers called one of the strongest growth opportunities across its nine markets.
Africa's data consumption is projected to quadruple over the next five years, and Helios expects Congo to expand even faster as mobile usage deepens.
Up to 40 million people in Congo still lack mobile coverage, giving the tower operator a large untapped base for network expansion and future data demand.
Will a $110M investment truly connect Congo's poorest, or will it just create a new digital divide?
How will new telecom towers be powered in a nation where only 19% of people have electricity?