South Africa,

AfricaTel, a newly formed holding company aggregating all of the sub-Saharan Africa telecommunications assets of the Portugal Telecom Group (principally in Angola, Namibia, Cape Verde, Sao Tome), in a leveraged recapitalization valuing AfricaTel at $1.15 billion on a total enterprise value basis. Helios and Portugal Telecom are spearheading AfricaTel's efforts to consolidate and grow the existing businesses, while selectively evaluating opportunities to expand the company's geographic footprint within sub-Saharan Africa.

AfricaTel was acquired by Helios Investment Partners on August 13, 2007.

Join Mergr to view all 148 acquisitions of communications companies in 2007, including 33 acquisitions by private equity firms, and 115 by strategics.

Out of 60 sectors in the Mergr database, communications ranked 14 in number of deals in 2007. The largest communications acquisition in 2007 was Alltel - which was acquired by TPG Capital for $27.5B.

Join Mergr to view this profile - and discover more communications acquisitions of companies like AfricaTel.

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