Echosys Advisory is pleased to have assisted Sagemcom in this landmark transaction and to have contributed to the creation of Escotel, an energy service company which will operate in Sub-Saharan African.
Congratulations to Inspired Evolution Investment Management (Pty) Ltd, Norfund and Sagemcom.
The new company Escotel will provide clean energy services to mobile tower owners and operators in Africa.
Escotel will supply, install, operate and maintain decentralised solar and storage hybrid power systems for a portfolio of around 900 telecom sites in Sierra Leone, Liberia and over time the Democratic Republic of Congo.
Inspired Evolution, an Africa-focused investment advisory firm that specialises in clean and renewable energy, led the US$35m equity investment by its Evolution II Fund and co-investors, Norfund and Sagemcom, with the aim to establish and finance Escotel.
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