Helios Towers raises GBP 250 mln in London IPO

Thursday 17 October 2019 | 12:20 CET | News
The African operator Helios Towers has raised a total of GBP 250 million in its initial public offering of shares in London. The company sold 86.4 million new shares for 115 pence each, raising GBP 99 million, while existing shareholders sold another 131 million shares for GBP 150 million. This gives the company a free float of 21.7 percent and a market capitalisation of GBP 1.15 billion. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Helios Towers
Countries: Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Helios Towers eyes Ethiopia, sees need for 2,000 more towers over next 5 years

Published 17 Dec 2019 10:19 CET | Ethiopia
Telecom infrastructure company Helios Towers is understood to be interested in opportunities in the Ethiopian market, reports ...

Emerging markets towercos form global alliance

Published 05 Dec 2019 13:30 CET | World
A new alliance of mobile tower companies active in emerging markets has launched with the support of the World Bank's ...

Helios Towers revenue grows 8% to USD 288 mln in first 9 months

Published 14 Nov 2019 15:41 CET | Africa
African mobile infrastructure operator Helios Towers has reported an 8 percent increase in revenue to USD 288 million in the ...

Helios Towers announces London IPO plans

Published 13 Sep 2019 09:59 CET | Africa
African mobile network operator Helios Towers has announced plans to launch an initial public offering (IPO) in London. It had ...

Helios Towers mulls listing at possible USD 3 bln valuation - report

Published 12 Aug 2019 09:25 CET | Africa
Helios Towers is reviving plans for an initial public offering, Bloomberg reported, citing people familiar with the matter. Its ...