Paradigm Tower Ventures (“Paradigm”), a brand new sub-Saharan African towers platform, has formally launched its operations by finishing the acquisition of IHS Rwanda Restricted from IHS Holding Restricted. The deal, initially introduced in Could 2025, transfers possession of roughly 1,467 tower websites to Paradigm, making it the main impartial tower operator in Rwanda.
The landmark transaction is backed by a consortium of distinguished traders, together with Convergence Companions, British Worldwide Funding (BII), and Proparco. Rand Service provider Financial institution acted because the mandated lead arranger, sole funder, and monetary advisor for the acquisition.
The newly acquired infrastructure helps networks that present cellular cash and different digital companies to five.3 million Rwandans. The transfer is anticipated to boost connectivity, decrease the price of mobile companies, and speed up digital inclusion throughout the nation.
Rwanda’s secure working atmosphere and clear long-term digital imaginative and prescient have made it a lovely base for scalable infrastructure platforms. Paradigm’s entry indicators sturdy investor confidence within the nation’s development trajectory.
“We’re delighted to be increasing into the Rwandan market the place Paradigm can carry its experience… to help in assembly the rising demand for digital primarily based companies,” stated Stephen Harris, co-founder and chairman of Paradigm. “Our focus is to enhance present infrastructure to be extra environment friendly and environmentally pleasant, alongside facilitating the advance of cellular community protection and connectivity.”
Past this preliminary funding, Paradigm goals to construct and function extra carrier-neutral tower belongings, with a imaginative and prescient to increase its footprint throughout the continent.
Andile Ngcaba, Founder and Chairman of Convergence Companions, described the funding as a essential enabler for the long run. “As this platform grows, we see it serving as a essential enabler supporting the growth of information, cloud and rising AI-driven companies that may outline the following decade of infrastructure funding throughout the Continent.”
Abhinav Sinha, Managing Director at BII, added, “Our funding in Paradigm displays our dedication to bridging the digital divide in Rwanda and throughout Africa. By enabling reasonably priced, high-quality connectivity, we’re serving to unlock alternatives for thousands and thousands.”
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