London Stock Exchange Welcomes Helios Towers plc

Helios Towers plc, a leading Sub-Saharan independent tower Company, was today welcomed to the London Stock Exchange on its successful admission to the premium listing segment of the Official List.

Formed in 2009 with a vision of becoming a major infrastructure player in the burgeoning mobile markets of Africa, Helios Towers plc now owns and operates c7000 telecommunications towers and passive infrastructure in five high-growth African markets. The Company has grown into a leading independent telecoms tower Company in Africa, and is a market leader in Tanzania, Democratic Republic of Congo and Congo Brazzaville. The Company is also a leading operator in Ghana with a strong urban portfolio and established a presence in South Africa in 2019. 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.

Kash Pandya, CEO of Helios Towers said: "Today marks the start of the next exciting chapter in the Company’s history and we are delighted Helios Towers is to begin trading as a public Company on the London Stock Exchange. We look forward to working with our high-quality institutional shareholder base as we seek to leverage the compelling opportunities in our markets.  More broadly, I hope this signifies a wider commitment to Africa as a compelling investment opportunity whilst building economic activity and improving lives. I want to thank our new investors in Helios Towers for showing their in support the business and its employees.”

Bank of America Merrill Lynch, Jefferies, and Standard Bank acted as Joint Global Coordinators, EFG Hermes and Renaissance Capital as Joint Bookrunners, and FTI Consulting as Financial PR. The Company’s ticker is HTWS.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
1,729.20
Listing/Admission to trading
15 Oct 2019
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