Helios Towers plc (LSE:HTWS) agreed to acquire Wireless Telecommunications Infrastructure Network of Airtel Africa Plc in Malawi from Airtel Africa Plc (LSE:AAF) on March 23, 2021. In similar transaction Helios agreed to acquire tower assets in Madagascar from Airtel Africa. Both the transaction are valued at $108 million. Helios will acquire total of 1229 towers from Madagascar and Malawi. Helios has agreed to acquire additional 195 sites across Madagascar and Malawi over the three years following completion for which a further $11 million of consideration is payable. In another transaction Helios has signed MOU with Airtel Africa to acquire tower assets in Chad and Gabon. For the year ended March 31, 2020 assets in Madagascar and Malawi generated net profit before tax of $3 million with a reported gross asset value of $94 million. The deal is subject to regulatory approval. The deal is expected to close in the fourth quarter of 2021. The proceeds from the Transactions and the Proposed Transactions will be used to reduce Group external debt and to invest in network and sales infrastructure in the respective operating countries. Rob Dixon, Emilie Stewart, Natalie Lamb, Cason Moore, Alice Brogi, Andrew Callaghan, Robin Wallich and Martin Bontea of Vinson & Elkins LLP acted as legal advisor to Helios Towers plc. Gautam Saha, Dushyant Bagga and Amrita Patnaik of AZB & Partners acted as legal advisor to Airtel Africa Plc (LSE:AAF). BofA Securities, Inc. acted as financial advisor for Helios Towers plc. Helios Towers plc (LSE:HTWS) completed the acquisition of Wireless Telecommunications Infrastructure Network of Airtel Africa Plc in Malawi from Airtel Africa Plc (LSE:AAF) on November 3, 2021.