Helios eyes Cairo data centre in deal with Telecom Egypt
Helios has secured preliminary approval to acquire a stake in a new subsidiary that will own the data centre assets of Telecom Egypt.
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Helios Investment Partners has secured preliminary approval from Telecom Egypt’s board for its binding offer to acquire a majority stake – between 75% and 80% – in a new subsidiary that will hold the company’s Regional Data Hub (RDH) assets.
The offer values the RDH business at $230 million on a debt-free, cash-free basis, with the value potentially rising to $260 million depending on the achievement of certain performance targets.
RDH is a multi-phase data centre campus in Cairo. The first phase, launched in 2021, provides around 2.5MW of IT load and reached full utilisation within a year. The second phase, RDH2, is designed for approximately 4.6MW.
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