• Who-we-are-banner

    News

Charles Russell Speechlys advises Metier on US$39m investment into Africa Mobile Networks

Charles Russell Speechlys has advised Metier, a leading South African private equity fund manager, on a US$39m investment into Africa Mobile Networks Ltd (AMN). AMN builds, owns, operates and maintains mobile network infrastructure in Africa, delivering services for the biggest Mobile Network Operators across the continent.

Metier led a consortium of investors including CDC Group (the UK’s development finance institution and impact investor), DEG (Germany's development finance institution), Proparco (the private sector arm of the French Development Agency), Mauritius Commercial Bank’s Equity division and other leading financial institutions and investment managers.

The investment by Metier will be used to fund AMN’s business from the current level of 2,000 towers across 10 countries to over 10,000 towers across more than 18 countries by the end of 2025.

AMN is currently the 5th-largest independent tower company operating in Africa, and growing rapidly. It provides a full turnkey NaaS (“Network as a Service”) approach to enable mobile network operators in sub-Saharan Africa to expand their coverage deep into rural areas – with no capital expenditure or operating equipment risk borne by the mobile operators in these remote locations.

Thierry Dalais, Chairman of Metier, said: “The AMN leadership team and its stakeholders have created an exceptional business. Their business is evidence of great entrepreneurship, systems engineering skills, on the ground logistical execution capabilities. Many thanks to Adrian, Matt and the Charles Russell Speechlys team for their support in navigating the legal complexities of this investment towards a successful outcome.”

Adrian Mayer, Corporate Partner and Head of the Africa team at Charles Russell Speechlys commented: “We were delighted to assist Thierry, Trishanta Chetty and the rest of the Metier team on this transaction, who were able to draw on and leverage both our experience of the region and our telecoms sector expertise, for Metier’s benefit. We also wish the AMN team and their enlarged stakeholder group every success as they roll out their exciting growth plans.”

Charles Russell Speechlys team, led by Corporate Partner Adrian Mayer and Corporate Senior Associate Matt Hobbs, and also included James Le Seelleur (Corporate), Megan Paul, Tanya Wilkie (Telecoms/Commercial), Naomi Nettleton (Real Estate), Syma Spanjers (Employment), and Thibaut Caharel and Stephanie Louiset (Paris office).

Our thinking

  • IBA Annual Conference 2024

    Charlotte Ford

    Events

  • Tortious liability: Supreme Court brings relief for directors

    Olivia Gray

    Insights

  • Rhys Novak writes for Solicitors Journal on what legal advisors need to know about dawn raids

    Rhys Novak

    In the Press

  • Employment Law & Worker Rights - The Conservative Party’s Manifesto

    Nick Hurley

    Insights

  • "Has anyone seen my cat?" - Pet-Nups and Pet Disputes between Unmarried Couples

    Jessie Davies

    Quick Reads

  • Employment Law & Worker Rights - The Liberal Democrats Manifesto

    Nick Hurley

    Insights

  • The Africa Debate: Africa’s role in a changing global order

    Matthew Hobbs

    Quick Reads

  • Charles Russell Speechlys advises Foodles on the strategic acquisition of caterer Le Val d'Evre

    Renaud Ferry

    News

  • Re UKCloud: The importance of exercising control over a fixed charge asset

    Cara Whiffin

    Insights

  • Ultimate Beneficial Ownership

    William Reichert

    Insights

  • Bloomberg quotes Dominic Lawrance on pledges to scrap preferential tax treatment for non-doms

    Dominic Lawrance

    In the Press

  • Consumer Duty Board Report

    Richard Ellis

    Insights

  • Standard of repair put to the test - Estates Gazette Q&A

    Emma Humphreys

    Insights

  • ESG Reporting for Public and Listed Companies

    William Reichert

    Insights

  • Renewable Energy

    William Reichert

    Insights

  • Is the horizon level? Current updates and predictions for Competition Law in the UAE

    William Reichert

    Insights

  • Injunctions against potential protesters - Estates Gazette Q&A

    Samuel Lear

    Insights

  • Michael Powner, Isobel Goodman and Hauwa Ottun write for Law 360 on the Tips Act

    Michael Powner

    In the Press

  • Emily Chalkley writes for The Times on how best to use employee influencers

    Emily Chalkley

    In the Press

  • LIDW: Liability imposed on UK Directors and how to mitigate the risks

    Claudine Morgan

    Events

Back to top