The founders of Eastcastle Infrastructure were pioneers of the African Tower Sector, completing both the first sale by a mobile network operator (“MNO”) of an African telecoms tower portfolio and the first successful private equity backed exit of an African tower business.
Eastcastle Infrastructure was established in 2020 by Peter Lewis, the former Group CFO and Pankaj Kulshrestha, the former Group COO of Eaton Towers (Founders), to pursue new build-to-suit telecom tower and related infrastructure opportunities initially in Nigeria, Democratic Republic of Congo and the Ivory Coast for their core existing MNO relationships.
- Selecting and finalising a consortium of experienced African Tower Investors (AIIM, Adenia and IFC) in 2020.
- Obtaining relevant licenses and establishing local operations in DRC, Nigeria and Ivory Coast in 2020.
- First build to suit orders received from Orange in April 2021 and Airtel in October 2021 in DRC.
- First build to suit orders received from Airtel in Nigeria in February 2022.
- Agreement signed for the acquisition of 275 towers from Orange DRC, with a matching number of new builds in September 2022.
- Decision taken to exit Ivory Coast market mid 2022.
- Achievement of ISO certifications ISO9001, 45001, 14001 and GHG IS 14064 October 2023.
- USD94 million debt financing secured for DRC from The Standard Bank of South Africa, IFC and Emerging Africa Infrastructure Fund June 2023. (https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27628)
- 527 active tower sites and 80 colocations in DRC.
- 48 active tower sites in Nigeria
- 579 active tower sites and 152 colocations in DRC
- 77 active tower sites in Nigeria
- Build to Suit- Building new telecom sites for MNOs based on their coverage and capacity.
- Colocations- Sharing an existing site, allowing MNOs faster availability of their services to consumers
- In Building Solution- Providing indoor coverage in large buildings and facilities.
- Fibre- Providing connectivity on our sites to MNOs.
- Managed Services- Managing the passive elements on a telecom site and providing first level support for active elements.