Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Delta Partners launch R825 million equity fund
DELTA Partners, a DUBAI-based telecommunications advisory firm, has launched an R825 million equity fund, as it continues with its plans to invest in South Africa.
The firm is now on the market, to seek telecommmunications players, in which it will invest that amount R825m, with the typical deal worth between US$5m and US$15million.
The company says that it wants to make a couple of investments in South Africa within the next six months, after which it will focus on the rest of Africa.
Delta Partners, which opened its regional headquarters in Johannesburg in July, is the largest telecoms advisory and investment firm in Africa and the Middle East.
Last week, Managing partner, Kristoff Puelinckx, said the firm would invest in different types of companies, including cable layers or infrastructure suppliers, .
“That may include established telecoms players, new industry entrants, alternative telecom operators and industry suppliers that have proven track-records, solid business models and existing cash flows,” he said.
Investments would not only be in the form of cash, as Delta Partners wanted to be involved with the operations at board level and to use its experience to help grow the business to ensure it achieved the return it expected.
Puelinckx said that an an unprecedented amount of development that was taking place would increase Africa’s bandwidth substantially over the next five to 10 years.
“With the continued liberalisation of the local and regional telecoms markets, more players are expected to enter this market, giving rise to increased competition and more affordable access to communications technology for businesses and consumers,” he said.
“There is substantial investment being made into laying cables and providing infrastructure to enable more bandwidth across Africa. But we are yet to see the boom in this region’s broadband market.”
Delta Partners operates in 25 countries and has invested in north Africa, the Middle East and Russia.
By ITnewsAfrica.com
