TOA Tanzania’s expansion goal includes doubling the size of its site portfolio by the conclusion of its first year of operation.
TowerCo of Africa Tanzania (TOA Tanzania), a telecom infrastructure provider, announced this week a $30 million financing arrangement with British International Investment (BII), the UK’s development finance institution.
This financing would allow TOA Tanzania to carry out its plan to establish around 200 more telecoms sites across Tanzania, bolstering the company’s objective to bridge the country’s digital divide.
TOA Tanzania, founded in February 2023, owns and operates passive telecommunications infrastructure that is leased to mobile network carriers.
The expected 200 additional sites, positioned across the mainland and Zanzibar, will boost coverage, particularly in rural areas, and connect previously isolated populations, totalling up to 600,000 individuals.
TOA Tanzania’s expansion goal includes doubling the size of its site portfolio by the conclusion of its first year of operation.
The company stated that once completed, the additional locations will not only increase network coverage to underprivileged communities but also help government digitisation efforts.
Innocent Mushi, CEO of TOA Tanzania, said: “This financing agreement with BII reinforces our commitment to expanding connectivity and bridging the digital divide in Tanzania.”
He added: “The design of our new sites prioritises environmental protection through meticulous site selection, utilisation of renewable energy sources, and responsible waste disposal practices.”
Commenting on the partnership, Richard Palmer, director and head: Private Debt at British International Investment stated: “Expanding digital infrastructure is critical for fostering sustainable economic development in Tanzania. By focusing on rural areas, TOA Tanzania is not only promoting inclusivity but also ensuring that the benefits of technological advancements reach the most underserved communities.”
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Publish date : 2024-05-23 07:00:00
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