Telecom Egypt’s board of directors has granted preliminary approval to a binding offer from Helios Investments to acquire a majority share in a new subsidiary that will own the company’s Regional Data Hub (RDH).
Under the agreement, Helios will hold between 75% and 80% of the new entity, while Telecom Egypt will retain a 20% to 25% stake. The subsidiary will focus on developing and expanding data centre infrastructure in Egypt following the restructuring of RDH assets.
The deal values 100% of RDH at $230 million on a debt-free, cash-free basis, with the potential to increase to $260 million if certain performance-related KPIs are achieved.
Completion of the transaction remains subject to the finalisation of definitive agreements, completion of the restructuring process, and obtaining all necessary corporate and regulatory approvals, including compliance with Article 43 (bis) of the Egyptian Exchange’s Listing and Delisting Rules.
