Africa-focused private investment firm Helios Investment Partners also committed capital again while World Bank Group member IFC African invested for the first time, bringing total funds raised to $1.8bn.
Providence managing director Dany Rammal said, “As long-term investors in the global wireless industry, we are excited about the tremendous growth potential across Africa and HTA’s unique position as the leading, independent telecoms tower company on the continent.”
More financing is also likely to be on its way, according to the Helios Towers, with the company expecting to complete negotiations on new and extended debt facilities of at least $350m.
Helios Towers Africa was founded in 2009 with the aim of fulfilling a need for 100,000 Points of Service in Africa to merely satisfy demand for 2G coverage.
It is the largest tower company in Africa, with more than 7,800 owned towers.
Previous deals from Providence include the firm investing $18.4m in Indian internet connection company Hathway Cable & Datacom in July 2013 to increase its stake in the cable operator.
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