The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


6 October 2005
06/10/2005 Investcom opens the London Markets

6 October 2005

 

The London Stock Exchange is pleased to welcome Investcom to the Main Market.

 

 

Investcom is an international provider of mobile telecommunications services with operations in eight countries in the Middle East, Africa and Europe.  As of June 2005, Investcom had a total of approximately 3.3 million managed customers.  The company operates GSM networks in Syria, Ghana, Yemen, Benin, Liberia, Cyprus, Guinea-Bissau and Sudan. Investcom has also recently been awarded GSM licenses to build and operate mobile networks in Afghanistan and Guinea, expanding its operations to ten countries and boosting its combined population under license to approximately 147 million. 

 

The company also provides international carrier services, principally through its operations in Monaco, fixed telephony services in the United Kingdom and telecommunications engineering and consulting services.

 
Investcom raised USD741 million in Global Depository Shares, priced at USD12.35 per GDS, with each GDS representing 5 ordinary shares.
Azmi Mikati, Chief Executive of Investcom, today said, “We are delighted to have completed this IPO so successfully. We look forward to continuing to implement our strategy and develop our business as a publicly listed company.”


Citigroup acted as Global Co-ordinator and Joint Bookrunner on this IPO. HSBC was Joint Bookrunner


  

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds