The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHelios Towers Share News (HTWS)

Share Price Information for Helios Towers (HTWS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 106.00
Bid: 104.80
Ask: 105.20
Change: 3.80 (3.72%)
Spread: 0.40 (0.382%)
Open: 103.00
High: 106.00
Low: 102.00
Prev. Close: 102.20
HTWS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Helios Towers to buy Airtel Africa towers in four African countries

Tue, 23rd Mar 2021 10:00

(Alliance News) - Helios Towers PLC on Tuesday announced it has signed agreements with Airtel Africa PLC to acquire its telecommunications tower companies in Madagascar, Malawi, Chad and Gabon.

The London-based telecom tower infrastructure company said it has inked two separate agreements, with the first covering the Madagascar and Malawi acquisitions for USD108 million.

The second agreement is a memorandum of understanding for the potential Chad and Gabon acquisitions. The Madagascar and Malawi purchases are expected to close during the fourth quarter of 2021, while the Chad and Gabon acquisitions are predicted to close in the first quarter of 2022.

Under the transaction terms, Airtel Africa's subsidiaries will continue to develop, maintain and operate their equipment on the 2,227 existing sites across the four countries under separate lease arrangements with Helios.

Airtel Africa has also agreed to build to suit commitments with Helios for an additional 195 sites across Madagascar and Malawi over the three years following completion, for which a further USD11 million is payable.

Airtel Africa said the proceeds from all transactions will be used to reduce group external debt and to invest in network and sales infrastructure in the respective operating countries. Its Malawian operating company is expected to obtain a 20% local Malawian shareholding, which will be maintained during the term of Helios' operating licence in the country.

Helios said the transactions assets are expected to generate aggregated annualised revenue of USD89 million and adjusted earnings before interest, tax, depreciation and amortisation of USD27 million in the first full year of ownership. It intends to finance the transactions through its existing cash and debt facilities.

"Helios Towers has been a partner to our business in some of the OPCOs for many years and we look forward to further expanding this partnership with these new leases as we together seek to improve mobile connectivity and infrastructure across Africa. These transactions will also help to improve the mix of our debt and increase its tenor through long term leases, which are largely payable in local currency by our operating entities, while reducing foreign currency debt of the group," said Airtel Africa Chief Executive Raghunath Mandava.

Shares in Helios Towers were up 1.5% at 161.40 pence, while shares in Airtel Africa were up 0.4% at 84.50p in London on Tuesday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Mar 2022 09:46

LONDON BROKER RATINGS: Exane BNP downgrades Segro and Derwent London

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
17 Mar 2022 12:11

LONDON MARKET MIDDAY: Shares mixed as BoE raises interest rates again

(Alliance News) - London stock prices got boost but the pound slipped back slightly, after the Bank of England raised interest rates for the third time since the end of 2021.

Read more
17 Mar 2022 09:53

Helios Towers annual loss widens as costs rise on acquisitions

(Alliance News) - Helios Towers PLC on Thursday posted a widened loss for 2021 in spite of revenue growth driven by increased tenancies, as the bottom line was hit by higher finance costs related to capital raised for acquisitions in Senegal and Madagascar.

Read more
17 Mar 2022 09:40

LONDON BROKER RATINGS: Upgrades for Diageo, Whitbread and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
17 Mar 2022 08:14

Helios Towers FY revenues, adjusted EBITDA grow

(Sharecast News) - Telecommunications infrastructure company Helios Towers said on Thursday full-year revenues and adjusted underlying earnings had both increased in 2021.

Read more
10 Mar 2022 16:12

UK earnings, trading statements calendar - next 7 days

Friday 11 March  
Berkeley Group Holdings PLCTrading Statement
SIG PLCFull Year Results
Monday 14 March  
Abcam PLCFull Year Results
Bodycote PLCFull Year Results
Craneware PLCHalf Year Results
Fonix Mobile PLCHalf Year Results
Hostmore PLCFull Year Results
Phoenix Group Holdings PLCFull Year Results
Stelrad Group PLCFull Year Results
Tuesday 15 March  
Aptitude Software Group PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Ferguson PLCHalf Year Results
Genel Energy PLCFull Year Results
Genuit Group PLCFull Year Results
Informa PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Malin Corp PLCFull Year Results
Petrofac LtdFull Year Results
Smart Metering Systems PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP PLCFull Year Results
Ultra Electronics Holdings PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
Wednesday 16 March  
4imprint Group PLCFull Year Results
Advanced Medical Solutions Group PLCFull Year Results
Centamin PLCFull Year Results
Centaur Media PLCFull Year Results
CLS Holdings PLCFull Year Results
Computacenter PLCFull Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Fevertree Drinks PLCFull Year Results
Gym Group PLCFull Year Results
LSL Property Services PLCFull Year Results
PensionBee Group PLCFull Year Results
Pharos Energy PLCFull Year Results
Restaurant Group PLCFull Year Results
Restore PLCFull Year Results
RPS Group PLCFull Year Results
Science in Sport PLCFull Year Results
Thursday 17 March  
Ceres Power Holdings PLCFull Year Results
Cineworld Group PLCFull Year Results
Deliveroo PLCFull Year Results
Emis Group PLCFull Year Results
Empresaria Group PLCFull Year Results
FDM Group PLCFull Year Results
Gem Diamonds LtdFull Year Results
Harbour Energy PLCFull Year Results
Helios Towers PLCFull Year Results
Marshalls PLCFull Year Results
Mpac Group PLCFull Year Results
Ocado Group PLCQ1 Results
PensionBee Group PLCFull Year Results
Trainline PLCTrading Statement
TransGlobe Energy CorpFull Year Results
Tribal Group PLCFull Year Results
Wickes Group PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Feb 2022 11:09

Airtel Africa and Helios progress on sale of company in Malawi

(Alliance News) - Airtel Africa PLC and Helios Towers PLC on Friday confirmed that the agreement relating to the potential sale of Airtel's passive infrastructure assets in Chad expired and would not be renewed but the sale of Airtel's passive infrastructure operating company in Malawi is progressing.

Read more
25 Feb 2022 07:44

Airtel Africa, Helios extend Gabon MoU, end talks on Chad

(Sharecast News) - Airtel Africa said it had extended its memorandum of understanding (MoU) with Helios Towers in Gabon but would not be renewing its agreement with the telecoms firm in Chad.

Read more
11 Feb 2022 09:32

IN BRIEF: Helios Towers extends long-stop date for Oman acquisition

IN BRIEF: Helios Towers extends long-stop date for Oman acquisition

Read more
25 Nov 2021 09:59

Helios Towers to go green by 2040 with net-zero emissions target

Helios Towers to go green by 2040 with net-zero emissions target

Read more
25 Nov 2021 07:42

Helios Towers sets carbon intensity reduction targets

(Sharecast News) - Telecoms infrastructure company Helios Towers set a target to reduce its carbon intensity per tenant on Thursday, by 46% by 2030.

Read more
8 Nov 2021 09:40

LONDON BROKER RATINGS: Bernstein downgrades IAG and Ryanair

LONDON BROKER RATINGS: Bernstein downgrades IAG and Ryanair

Read more
8 Nov 2021 08:17

LONDON BRIEFING: abrdn confirms in talks to buy interactive investor

LONDON BRIEFING: abrdn confirms in talks to buy interactive investor

Read more
3 Nov 2021 11:06

Airtel Africa completes Madagascar unit sale to Helios Towers

Airtel Africa completes Madagascar unit sale to Helios Towers

Read more
3 Nov 2021 10:09

Airtel Africa sells batch of towers in Madagascar to Helios

(Sharecast News) - Airtel Africa announced the first closing of the sale of its telecommunications tower company in Madagascar to Helios Towers for almost $52m (£38.17m) on Tuesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.