Smile raises US$365 million to expand its 4G LTE network into Africa

Posted on: 08 September 2015
Smile corporate banner

Mauritius, 8 September 2015 – Smile Telecoms Holdings Ltd (‘Smile’), which owns and operates mobile wireless 4G LTE broadband networks in the 800MHz band in Nigeria, Tanzania and Uganda, announced that it has raised USD 365 million of debt and equity financing (‘the funding’). The funding will be used to expand Smile’s existing 4G LTE mobile broadband networks and services such that by the end of 2015, Smile will offer clear voice services and have national coverage comparable to the largest 3G network in each of its current countries of operation. Smile will also launch its broadband network in the Democratic Republic of Congo (‘DRC’) early in 2016.

Read the official press release