Prescient Investment Managers has provided a R100-million (US$5.4-million) senior debt facility to Eagle Towers in order to support the company’s expansion of its operations. Eagle Towers builds and operates telecoms towers which are then leased to service providers such as MTN, Vodacom and CellC. The company has sufficient experience and network in the telecoms industry to find locations, obtain licensing and permits to build and operate the towers. Eagle Towers SA was established in 1999.
Prescient Investment Managers is a multinational fund manager with operations across South Africa, Europe and Asia. The firm invests through a basket of funds that serve individual investors, institutional investors and retirement funds. Prescient Investment Managers is a registered financial services provider. The team has a proven track record in South Africa with its home base in Cape Town. More detail on Eagle Towers at https://peafrinsights.co.za/eagle-towers-sa/