Four of the five largest IPOs from the region this year have listed on our market. Number of telecom towers in sub-Saharan Africa. The UK-based company raised $364 million after shares rose 5.7% on the first day after hitting the trade floor. Get your free PDF by completing the following formMobile operators are faced with constantly shrinking margins, especially in Africa.The company, which could be listed as early as October, runs telecommunications towers across the African continent. Approximately 25% of the company was floated. Established in 2009, the company pioneered the sale-leaseback model in Africa by buying towers held by single operators and providing services by utilizing the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to instead focus their capital and managerial resources on providing higher quality services more cost-effectively.Helios Towers has more than 6,800 mobile telecommunications towers spread across five African countries (South Africa, Democratic Republic of Congo, Ghana, Republic of Congo and Tanzania) which it rents to mobile phone providers such as Vodacom, MTN and Airtel.
LAGOS (Capital Markets in Africa) – 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 said. Define the name of the shortcut and validate
Helios Towers Plc, a leading independent telecommunications tower infrastructure company in Africa, raised US$318 million in its October 14 initial public offering (IPO) on the London Stock Exchange (LSE).
The company is also a leading operator in Ghana with a strong urban portfolio and established a presence in South Africa in 2019.
Adding, “I am delighted that today Helios Towers has now embarked on the next stage of its growth story, by listing on the London Stock Exchange.Merill Lynch International, Jefferies International Ltd and Standard Bank of South Africa Ltd acted as joint global-coordinators and joint bookrunners, while EFG Hermes UAE Ltd and Renaissance Securities Cyprus Ltd acted as joint book runners for the IPO. Helios Towers is planning to list on the London Stock Exchange, nearly 18 months after its first failed attempt.
Of the top 10 IPOs on the LSE in 2019, four are from MEA region.Helios Towers Plc, a leading independent telecommunications tower infrastructure company in Africa, raised US$318 million in its October 14 initial public offering (IPO) on the London Stock Exchange (LSE). Credit: TowerXchange/Quartz A firm called Helios Towers is the latest owner of telecoms towers in sub-Saharan Africa planning to go public. It leases to operators Airtel, MTN, Orange, Tigo and Vodacom.When Helios abandoned its listing in London and Johannesburg last year, the company was valued at $2.47bn. Approximately 25% of the company was floated.The share was priced at US$1.48 each, giving it an equity value of US$1.5 billion and making it one of the largest IPOs by market capitalization to happen in London this year behind Airtel Africa PLC, Network International Holdings PLC, and Trainline PLC.Helios Towers' IPO paves the way for expanding and upgrading its services in Africa where demand is growing rapidly.Helios Towers initially planned to raise US$125 million through the issuance of new shares, in addition to the sale of existing shares by shareholders among them the International Finance Corporation and telecom firms Millicom and Bharti Airtel. It made the announcement on September 12.3.
And it demonstrates what can be achieved when we connect African companies with international capital,” he said.
Helios Towers employs nearly 400 people directly, but also supports over 7,000 contractor employees who are engaged in the maintenance and security of their tower network which number around 7,000 in the five countries it operates in. Helios Towers has announced that it intends to file for an Initial Public Offering (IPO), as African carriers gear up to launch 5G in Africa in the coming years.. It made the announcement on September 12. African mobile networks operator Helios Towers’ made a successful market debut on the London Stock Exchange (LSE) on Tuesday. The Helios Towers’ offering is the only London and the only emerging market IPO (apart from Addiko Bank, also STJ-advised) to price post-summer, with several recent IPOs pulled, restructured or trading badly both in developed and emerging markets. The listing comes 18 months after Helios Towers first backtracked on a planned initial public offering amid concerns of political stability in its some of its African markets. The company’s advisers are resuming preparations for an IPO that could value Helios at about $3 billion, according to the people. Complete the form and download, for free, the highlights from The Africa Report’s Exclusive Ranking of Africa’s top 500 companies from last year.
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