A roundup of tower news across SSA
Regional: IPOs and M&A in the African tower industry
On 2 March, Helios Towers which owns a portfolio of over 6,500 sites across Tanzania, DRC, Ghana and Congo Brazzaville announced plans to list on the London Stock Exchange and Johannesburg Stock Exchange. On 15 March, announced that in spite of high interest from institutional investors they had decided to not proceed with the listing at this time. Speculation has arisen as to whether the company may merge with Eaton Towers who is also targeting an IPO. Further rumours have emerged as to whether American Tower may make an offer to acquire either party.