Helios Towers raises US$160m to buy more towers in Africa and other regions

AFRICA – Telecommunications company Helios Towers says it has raised US$160 million in equity and bonds in order to invest in more tower infrastructure in Africa and elsewhere. The company raised US$110 million in 48 million new shares on the London Stock Exchange and US$50 million as convertible bonds, it announced. “This capital raising further strengthens our balance sheet and supports our growth strategy,” said the company, which has a market capitalisation of US$2.3 billion. Helios Towers has been listed on the London exchange since October 2019. The company owns…

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Helios to buy Airtel Africa towers in four markets

AFRICA – London Stock Exchange-listed Helios Towers has reached agreements to buy and deploy over 2,500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”. Helios is acquiring Airtel’s passive infrastructure in Madagascar and Malawi and has signed an exclusive memorandum of understanding for the “potential acquisition of its passive infrastructure assets in Chad and Gabon”, all subject to regulatory approvals. In a statement on March 23, 2021, Helios said the transactions comprise four separate agreements: one for each market,…

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Investment companies Fairfax Africa and Helios Holdings complete strategic transaction

AFRICA – Fairfax Africa, an investment holding company and Helios Holdings, a private equity investing firm, have announced the completion of the strategic transaction signed on July 10, 2020, following shareholder approval. Fairfax Africa has been renamed Helios Fairfax Partners Corporation (HFP) and will continue to be listed on the Toronto Stock Exchange under the symbol ‘HFPC’. The transaction creates a pan-Africa focused listed investment holding company that has the benefit of the separate asset management activities of Helios Investment Partners. This diversified investment platform combines best-in-class third party investment…

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