Helios Towers plans to use an expansion into Oman to further its presence in the Middle East and North Africa, while it is also eyeing a potential deal in South Africa with MTN Group.
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London-listed Helios Towers has reached agreements to buy and deploy over 2 500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”.
Telkom is looking at ways to generate more value from its mobile tower business, including a potential sale or spin-off, CEO Sipho Maseko said.
Helios Towers plans to use about $450-million in newly raised funds to expand into African countries, reviving an expansion plan that was put on hold by the Covid-19 pandemic.
Independent tower operator Helios Towers said on Friday that one of its South African subsidiaries, HTSA Towers, has agreed to buy 65 wireless telecommunications sites from Eagle Towers SA.
Ethiopia moved closer to liberalising one of the world’s final frontiers for telecommunications by publishing the final draft of directives. South Africa’s MTN Group and Vodacom Group are keen to invest.
Helios Towers’ plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has $350-million primed and ready for when deal-making can resume.
Helios Towers rose 1.8% in London after raising R5.4-billion in a long-delayed share sale that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Helios Towers met with a tepid response for a long-delayed share offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Helios Towers, one of sub-Saharan Africa’s largest mobile phone tower operators, is reviving plans for an initial public offering, people familiar with the matter have said.