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Prices & Quotes - UK Markets - Helios Towers (HTWS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 169.80p
Change Today:
-0.20p
Market Cap:
1,779.50m
Sector:
Fixed Line Telecommunications

Helios Towers to acquire 1,200 Senegalese sites

By Iain Gilbert

Date: Wednesday 12 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Telecommunications infrastructure company Helios Towers has agreed to acquire over 1,200 sites from African mobile operator Free Senegal.

Helios said on Wednesday that to acquire Free Senegal's passive infrastructure assets for an upfront cash consideration of €160m - representing an enterprise value of €178m, which also includes an estimated €18m-worth of taxes and capitalised ground leases.

The FTSE 250-listed group expects to pay a deferred consideration of €40m and invest roughly €30m in growth capex into the assets over the next five years.

Following the transaction, Helios will become the largest independent tower infrastructure provider in Senegal, initially delivering run-rate revenues of €32m and run-rate adjusted underlying earnings of €16m.

Helios expects the transaction to close by the end of 2021's first quarter.

Chief executive Kash Pandya said: "This agreement is aligned perfectly with our 2025 strategic ambitions, broadening our footprint within the African towers infrastructure market.

"We are acquiring a market-leading independent position in Senegal with long-term contracted revenues and a clear path to value creation through additional organic tower development, uplifts in the tenancy ratio and improved operational effectiveness, all built on the foundation of 15-year contracts."

As of 0830 BST, Helios shares were down 2.12% at 163.46p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Helios Towers Market Data

Currency UK Pounds
Price 169.80p
Change Today -0.20p
52 Week High 181.60p
52 Week Low 137.20p
Volume 1,442,156
Shares Issued 1,048.00m
Market Cap 1,779.50m

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Helios Towers Dividends

No dividends found

Trades for 18-Jun-2021

Time Volume / Share Price
16:57 408 @ 169.80p
16:47 559 @ 169.80p
16:47 2,378 @ 169.80p
16:46 408 @ 169.80p
16:35 863,654 @ 169.80p

Helios Towers Key Personnel

Chair Samuel Esson Jonah
CEO Kash Pandya