What we learned about HTN Towers prior to their cancelled IPO on the LSE

First towerco established in Africa, then Helios Towers Nigeria, steps back from IPO citing the interest of a strategic investor, amid turbulence of MTN fine

Read this article to learn:

  • HTN’s KPIs: revenue, EBITDA, tenancy ratio, TCF, uptime and MTTR
  • HTN as successful turnaround play: refocusing from CDMA to GSM clients
  • Breaking down HTN’s portfolio into live and dormant towers, and towers managed and marketed for SWAP
  • The competitive landscape in which HTN operates
  • Future growth opportunities

By Kieron Osmotherly, Founder & CEO, TowerXchange. On October 23 2015, HTN Towers announced their intention to IPO 50-60% equity on the London Stock Exchange. On November 6 HTN Towers announced the IPO process would be discontinued due to “expressions of interest from potential buyers to acquire the company.” The following commentary is TowerXchange’s analysis…

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