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
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150 M (USD), Debt – Conventional
Feb 05, 2010
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Investors
First City Monument Bank
& 9 more
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Employee Count
Employee Count
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Acquired by
IHS Towers
(Mar 10, 2016)
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Funding Insights of HTN Towers
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(01 Sep 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2010 | Amount | Debt – Conventional - HTN Towers | Valuation |
investors |
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| Sep, 2009 | Amount | Debt – Conventional - HTN Towers | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HTN Towers
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HTN Towers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Htn Towers Comparisons
Competitors of HTN Towers
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about HTN Towers
When was HTN Towers founded?
HTN Towers was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is HTN Towers located?
HTN Towers is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does HTN Towers do?
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.
Who are HTN Towers's investors?
HTN Towers has 10 investors. Key investors include First City Monument Bank, IHS Towers, Nedbank, International Finance Corporation, and FMO.