Sub-Saharan Africa news
A roundup of tower news across SSA
Regional: Helios Towers IPOs at 115p a share
Helios Towers’ Initial Public Offering (IPO) went ahead on the 15thOctober on the London Stock Exchange. The company’s shares were priced at 115p, at bottom end of the initial range of 115-145p, raising US$317mn. Shareholders, including Millicom and Airtel, were keen to realise their investments in the towerco after an IPO was delayed last year. Helios is set for a market capitalisation of US$1.45bn.
Regional: MTN selling towerco shares to American Tower
At the time of the release of the 2019 Q3 results, American Tower revealed they were in advanced discussions with MTN Group to acquire its shares of ATC Ghana and ATC Uganda.