Publication of Circular

RNS Number : 1126Z

Helios Towers PLC

19 May 2021

 

19 May 2021

HELIOS TOWERS PLC

ANNOUNCEMENT OF PUBLICATION OF CIRCULAR

Further to the announcement made on 11 May 2021 by Helios Towers plc (the "Company") relating to the acquisition of Oman Telecommunications Company (S.A.O.G)'s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575 million (the "Acquisition"), the Company has published a circular which has been approved by the Financial Conduct Authority (the "Circular") in connection with the Acquisition.

The Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular is also available for inspection on the Company's website: www.heliostowers.com

The defined terms set out in the Circular apply in this announcement.

For further information, please contact:

HELIOS TOWERS

Investor Relations

Chris Baker-Sams, Corporate Finance Manager

[phone]

Media Relations

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

[phone]

About Helios Towers

· Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

· Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa and Senegal. Following recent acquisition agreements and subject to regulatory and certain shareholder approvals, Helios Towers expects to establish a presence in five new markets across Africa and the Middle-East over the next 12 months. Including these acquisitions and committed BTS, the Group's total site count is expected to increase from over 7,300 towers as reported in Q4 2020 to approaching 15,000.  

· Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

 

END

 

 

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