Helios Towers PLC - Africa-focused mobile phone tower infrastructure company - Extends long-stop date for its acquisition of Oman Telecommunications Co's passive tower infrastructure portfolio. Date extended to November 24 from November 11. Long stop date is a date for the deal to be complete by. Has made "significant progress" in satisfying closing conditions for acquisition. Anticipates that completion will take place in next few weeks.
Omantel is a telecommunications operator in Oman with the "most advanced mobile and converged networks in the country". Had consolidated group revenue of USD6.3 billion in 2021.
Current stock price: 122.20 pence, down 2.1% on Monday afternoon in London
12-month change: down 23%
By Chris Dorrell; chrisdorrell@alliancenews.com;
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Helios Towers (HTWS)