About HTN Towers
HTN Towers was established in 2006 in Lagos, Nigeria, as a telecom infrastructure provider. Over 1,200 towers are operated nationwide, with services encompassing site design, construction, and maintenance. Colocation options are offered to multiple tenants, alongside in-building distributed antenna systems for enhanced coverage. Operations focus on supporting mobile network expansions in the region.
- Headquarter Lagos, Nigeria
- Founders Akinsulire Femi
- SectorsTelecommunications
- Website htntowers.com
- Social LinkedIn
- Acquired by IHS Towers (Mar 2016)
- Latest Funding Round$150M (USD), Debt – Conventional
Feb 2010
- InvestorsFirst City Monument Bank
& 9 more
- Acquired byIHS Towers
(Mar 2016)
Funding Insights of HTN Towers
- Total Rounds 2
- Last Round Debt – Conventional — $150M
- First Round $100M
(Sep 2009)
- Investors Count 9
All 2 funding rounds of HTN Towers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2010 | $150M | Debt – Conventional | – | – | |
| Sep 2009 | $100M | Debt – Conventional | – | – |
10 investors in total: 10 institutional.
Investors in HTN Towers
HTN Towers has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include First City Monument Bank, IHS Towers and Nedbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Private equity firm focused on growth equities | – | deginvest.de | Cologne, Germany | |
Economic development investments are financed through specialized solutions by Proparco. | 1977 | proparco.fr | Paris, France | |
Venture capital and infrastructure fund focused on digital infra, Agri, and renewable energy sectors | – | cordiantcap.com | Montreal, Canada | |
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | - | |
Development financing is extended to African projects across sectors. | 1964 | afdb.org | Abidjan, Ivory Coast | |
Virtual consultations with certified doctors are facilitated online. | 1979 | fcmb.com | Lagos, Nigeria | |
Infrastructure fund focused on energy, telecom, transport, gas, mining, and agri sectors | 2001 | eaif.com | London, United Kingdom | |
Nedbank is recognized as a provider of personal and business banking services. | 1888 | nedbank.co.za | Johannesburg, South Africa | |
Mobile tower infrastructure is provided for telecommunications networks. | 2001 | ihstowers.com | Lagos, Nigeria |
Investor details for HTN Towers
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of HTN Towers
1 people are tracked at HTN Towers (1 in leadership).
| Name | Role | Group |
|---|---|---|
Akinsulire Femi | Co-Founder | Leadership |
Complete people profiles for HTN Towers
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of HTN Towers
4 dated milestones of HTN Towers across 10 years, from founding to its latest funding, stage changes and deals.
- Founded HTN Towers is founded.
- Funding First funding round of $100.0M.
- Funding Latest funding round, Debt – Conventional, of $150.0M.
- Exit Acquired by IHS Towers.
Similar companies to HTN Towers
10 companies that operate in the same segment as HTN Towers (Telecom Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IP networks and VoIP telephony are provided to wholesale customers. | 1998 | London, England, United Kingdom | USD 15 M | USD 1.73 B | – | |
Mobile tower infrastructure is provided for telecommunications networks. | 2001 | Lagos, Lagos State, Nigeria | USD 445 M | USD 1.58 B | 2,860 | |
Cables and components for telecommunication infrastructure are supplied. | 1902 | St. Louis, Missouri, United States | – | USD 2.72 B | 7,500 | |
Integrated manufacturing services provider for diverse markets | 1919 | London, England, United Kingdom | – | USD 1.23 B | 7,125 | |
Cables and wires are supplied by Nexans for diverse industries. | 1999 | Courbevoie, Hauts-de-seine, France | – | USD 9.18 B | 28,460 | |
Hardware and software solutions for telecommunications are provided by Nokia. | 1865 | United States | – | USD 23.37 B | – | |
Wholesale connectivity and data center services provider | 2007 | Lagos, Lagos State, Nigeria | USD 30 M | – | – | |
Communications infrastructure is owned, operated, and leased to carriers. | 2014 | Boca Raton, Florida, United States | USD 730 M | – | – | |
Integrated telecommunication services are provided across the Philippines. | 1928 | Makati, National Capital Region, Philippines | – | USD 3.7 B | – | |
Satellite telecommunication infrastructure services are provided globally. | 1964 | Mclean, Virginia, United States | – | USD 90.77 K | – |
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Frequently Asked Questions about HTN Towers
HTN Towers was founded in 2006 and raised its 1st funding round 3 years after it was founded.
HTN Towers is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
HTN Towers was established in 2006 in Lagos, Nigeria, as a telecom infrastructure provider. Over 1,200 towers are operated nationwide, with services encompassing site design, construction, and maintenance. Colocation options are offered to multiple tenants, alongside in-building distributed antenna systems for enhanced coverage. Operations focus on supporting mobile network expansions in the region.
HTN Towers has 10 investors. Key investors include First City Monument Bank, IHS Towers, Nedbank, International Finance Corporation, and FMO.
Yes. HTN Towers was acquired by IHS Towers in March 2016.