Browsing: Helios Towers
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 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.
Helios Towers wants to build a thousand telecommunication towers in South Africa in the next three years as it tries to capitalise on rapid growth in mobile services and shape up for an initial public offering.