Helios Towers PLC Publication of Circular (1126Z)
May 19 2021 - 7:35AM
UK Regulatory
TIDMHTWS
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
+44 (0)752 310 1475
Media Relations
Edward Bridges / Stephanie Ellis
FTI Consulting LLP
+44 (0)20 3727 1000
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.
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END
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