Admaius Capital invests in Rwanda’s tower company TRES

Admaius Capital Partners makes its initial investment in TRES Infrastructure Limited, the only local licensed telecom tower infrastructure company in Rwanda.
TRES Infrastructure Limited

Admaius Capital Partners (“Admaius”), an Africa-focused private equity investor operating across several growth markets, has announced its majority equity investment in TRES Infrastructure Limited, the only local licensed tower owner, operator, and developer of shared telecommunications infrastructure in Rwanda.

TRES’ tower infrastructure is used by the two local Mobile Network Operators, MTN and AIRTEL (MNOs), and benefits other local network service providers, such as KT Rwanda Networks Ltd.

Admaius’ investment and support will enable the Company to expand its tower portfolio locally in line with the country’s target to achieve more than 95% geographical coverage over the next few years, coupled with the roll-out of 4G and 5G networks nationwide.

This is expected to improve network affordability and connectivity in rural and urban areas. The telecom towers infrastructure market in Rwanda is characterised by strong and resilient demand, meanwhile growth is underpinned by the country’s growing population, the increasing number of mobile subscribers complemented by a steady SIM-card penetration rate, and the general adoption of services by new subscribers through the increase in multi-SIM adoption.

Facilitating TRES’ continued growth aligns with Admaius’ investment strategy for Africa, which involves finding opportunities in high-impact sectors that are the drivers of economic and social progress, including TMT (Technology, Media, and Telecommunication), digital infrastructure, financial services, FMCG, healthcare, and education. Admaius Capital Partners was co-advised by Asafo & Co. and ENS Africa.

Gahigiro Capital and BK Capital were the co-financial advisors to TRES Infrastructure Ltd and the Founder. Attorneys House acted as the legal advisor to TRES Infrastructure Ltd and the Founder.

Commenting on the investment: Marlon Chigwende, the Managing Partner of Admaius, said: “We are excited to be investing in Rwanda, one of the fastest growing markets in Africa. GDP growth has been strong, sustainable, and relatively broad based. Our investment in Tres will help to expand network coverage to rural parts of Rwanda, as well as aid the rollout of 4G, and ultimately 5G over time. In addition to capital, we are bringing experienced Towers experts to support in strengthening the Tres business.”

Venuste Twagiramungu, Chief Executive Officer of TRES commented: “Admaius Capital Partners’ investment has come at the right moment. With their expertise in fund management, they are bringing not only the financial backing that we need but also their organizational capabilities that will transform TRES into a true corporate. From this exciting journey we are expecting no less than a fast expansion and a true contribution to the Rwandan objective of more than 95% geographical coverage.”

Telegram Ad
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
CBK clears LemFi to operate in Kenya

CBK clears LemFi to operate in Kenya

Next Post
domain name

Most expensive domain names, and what makes them special

Related Posts