This feasibility study examines private equity investment opportunities in the African telecom sector. It was conducted by Apurva Chiranewala, Manoj Balaji, Monita Anand, and Sunitha Suresh for their Global Masters in Business Administration program at S.P. Jain Center of Management. The study received certification on November 18, 2007 that it represents the original work of the students and is suitable to partially fulfill the requirements for their degree.