The Africa-focused private equity firm, Emerging Capital Partners has committed $25 million to Wananchi Group Holdings, a telecom company specializing in pay-television and Internet services in Kenya and Tanzania
The equity investment will be used to upgrade and expand Wananchi's network infrastructure, enabling the company to provide east Africa's first triple-play service of digital pay-TV, high-speed Internet and voice-over-Internet protocol services.
ECP disclosed that East Africa has been characterized by limited supply of pay-TV and Internet services due to high costs and inadequate infrastructure.
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