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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 2,890 Omani sites

By Iain Gilbert

Date: Tuesday 11 May 2021

LONDON (ShareCast) - (Sharecast News) - Telecommunications infrastructure company Helios Towers said on Tuesday that it had entered into an agreement to acquire 2,890 sites from Oman-based mobile network operator Omantel for $575.0m.
Helios said it made the move as part of an effort to establish its presence in "one of the fastest-growing markets" in the Middle-East, with the assets expected to deliver revenues of $59.0m and adjusted underlying earnings of $40.0m in the first full year of operations, with further growth anticipated through colocation lease-up and 300 build-to-suit sites committed over the next seven years.

The FTSE 250-listed firm anticipates that the transaction will close by the end of 2021, subject to approval by shareholders and customary completion conditions.

Chief executive Kash Pandya said: "We view Oman as a very attractive and supportive market for foreign investments, with strong growth and exciting future prospects. We will be further investing capital in Oman as we add to the tower count through greenfield BTS site development and colocations, enhance the current tower portfolio and develop a talented local Omani team.

"Through the acquisition, which establishes us as a leading tower operator in Oman, we expect to achieve our group target of 12,000+ towers well ahead of plan, while also strengthening our business through further hard-currency revenues and diversification into one of the fastest-growing markets in the Middle-East."

As of 0830 BST, Helios shares were down 1.29% at 167.80p.

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