Telecom Egypt has announced that its Board of Directors has preliminarily approved a binding offer from Helios Investment Partners to acquire a 75–80% stake in a new subsidiary that will own and operate the company’s Regional Data Hub (RDH).
Under the proposed deal, the RDH is valued at USD 230 million, with the potential to rise to USD 260 million depending on performance-linked KPIs set out in the final agreements. Telecom Egypt will retain a 20–25% minority stake in the new venture.
The move comes as part of a broader restructuring to consolidate RDH assets under a dedicated subsidiary focused on data center development in Egypt. Helios, established in 2004 and headquartered across London, Paris, Lagos, and Nairobi, is a private investment firm specializing in Africa-focused growth and infrastructure opportunities.
The board also approved the signing of term sheets and the appointment of an FRA-registered independent financial advisor to determine RDH’s fair value. EFG Hermes is acting as sole financial advisor to Telecom Egypt, while legal counsel is being provided by ADSERO-Ragy Soliman & Partners and A&O Shearman.
Completion of the transaction remains subject to final agreements and regulatory approvals. If concluded, the deal will see Helios take a controlling position in the RDH subsidiary, while Telecom Egypt maintains strategic involvement in Egypt’s expanding data center and digital infrastructure sector.
