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