Helios Towers expands to Oman
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Helios Towers expands to Oman

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Helios Towers enters into agreement to acquire 2,890 sites from Omantel for $575 million

Following hot on the heels of their four-part deal with Airtel Africa, Helios Towers have announced their first acquisition outside Africa. On May 11 Helios Towers announced the signing of a deal with Omantel, the largest mobile network operator in Oman, for Helios Towers to acquire Omantel’s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575mn. This represents an enterprise value of $615 million including the Group’s estimate of transactions costs and capitalised ground leases of $40 million. The deal includes a further 300 committed build-to-suit sites, and is subject to the usual regulatory closures.


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