Helios Investment Partners has reached an agreement in principle to acquire a 75–80% majority stake in Telecom Egypt’s Regional Data Hub (RDH), a multi-phase data centre located in Cairo. Telecom Egypt will retain a 20–25% share, with both companies cooperating on future infrastructure development.
Valued at USD 230 million on a debt-free and cash-free basis, the deal could rise to USD 260 million if performance targets are achieved. The transaction, announced on 7 September, received preliminary approval from Telecom Egypt’s board on 3 September and remains subject to corporate restructuring, definitive agreements, and regulatory approvals.
Helios, founded in 2004 and recognized as the largest Africa-focused private investment firm, is advised by international law firm Covington & Burling and Egyptian law firm Matouk Bassiouny. Telecom Egypt is being represented by A&O Shearman and Adsero-Ragy Soliman & Partners, with EFG Hermes acting as sole M&A financial adviser.
The acquisition underscores Helios’ ambition to expand its digital infrastructure footprint in Africa, while Telecom Egypt—already a 45% owner of Vodafone Egypt—looks to capitalize on its strategic data centre assets as part of the country’s growing digital economy.
