On 2 March, Helios Towers announced their intent to IPO with a joint listing on the main market of the London Stock Exchange and main board of the Johannesburg Stock Exchange. On 15 March, Helios announced that whilst they had received considerable institutional investor interest, the shareholders had decided to not proceed with an IPO at the current time. TowerXchange examine Helios Towers’ story and performance in the African tower industry and speak to Helios Towers’ CEO, Kash Pandya,
Helios Towers as pioneers of the tower industry in Sub-Saharan Africa
The tower industry as we know it today started back in the mid-nineties in the United States where almost simultaneously, Steve Bernstein Associates (now SBA Communications; NASDAQ SBAC), Castle Towers (now Crown Castle; NYSE CCI) and American Radio (now American Tower; NYSE AMT) all came up with the idea of unlocking the value of towers by selling space to multiple tenants.
