Millicom Receives a 24% Stake in Leading African Towers Company, Helios Towers Africa
October 07 2015 - 9:08AM
Business Wire
Millicom (STO:MIC)(NASDAQ:MICC) and Helios Towers Africa
(“HTA”), one of the leading, independent telecommunications
towers companies in Africa, today announced that Millicom will
own 24% of shares in HTA on a fully diluted basis following a
shareholding reorganisation.
As a result of the reorganisation, Millicom will exchange shares
which were previously held in HTA’s tower companies in Ghana, DRC
and Tanzania, into shares in HTA’s parent company.
This transaction will simplify the share ownership structure of
HTA, align interest among shareholders and move Millicom’s
shareholding to the parent HTA company. The transaction does
not change access to commercially sensitive information, which is
held exclusively by HTA.
In 2010, HTA acquired, through its different operating
companies, a portfolio of 2,450 Millicom-owned towers in Ghana, DRC
and Tanzania. At that time, Millicom retained equity stakes in the
individual tower companies. These equity positions are now being
exchanged for shares in HTA.
HTA recently raised US$363 million in new equity from existing
and new shareholders to fund acquisitions and new growth in
existing markets. The share exchange is being undertaken at the
same valuation as the funding round.
About Millicom
Millicom is a leading telecom and media company dedicated to
emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing innovative and customer-centric
digital lifestyle services to the world’s emerging markets. The
Millicom Group employs more than 16,000 people and provides mobile
services to over 59 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom
generated revenue of USD 6.4 billion and EBITDA of USD 2.1
billion.
About Helios Towers Africa
HTA is one of the leading, independent telecommunications towers
companies in Africa with over 5000 towers under ownership and
management, and a significant build pipeline HTA currently operates
in Ghana, Tanzania, the Democratic Republic of Congo and the
Republic of Congo. HTA acquires, builds and manages telecom
infrastructure, leasing it to operators in Africa. HTA pioneered
the sale-leaseback model in Africa, buying towers held by single
operators and leasing them back to the seller and multiple other
operators simultaneously. Both HTA’s model of shared telecoms
infrastructure and its scale, help deliver improved efficiency for
operators, reduced costs for users and increased accessibility; and
HTA has been operational since 2009 and its investors include:
Helios Investment Partners, Albright Capital Management, RIT
Capital Partners, Quantum Strategic Partners Ltd, the International
Finance Corporation and ALAC.
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version on businesswire.com: http://www.businesswire.com/news/home/20151007005812/en/
Millicom International CellularTabitha Aldrich-SmithInterim
Communications DirectorTel: +352 277 59084 (Luxembourg) / +44 7971
919 610press@millicom.comorInvestor RelationsNicolas DidioDirector,
Head of Investor RelationsTel: +352 277 59125 (Luxembourg) / +44
203 249 2220investors@millicom.comorBell Pottinger (Helios Towers
Africa Enquiries)Victoria Geoghegan / Nick Lambert / Philip
PeckTel: +44 20 3772 2562
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