Helios Towers Plc acquires over 1,200 sites from Free Senegal

1 min read | August 12, 2020 12:26 PM PDT | By Team Kalkine Media

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Helios Towers Plc (LON:HTWS) has acquired over 1,200 sites from Free Senegal, backed by a consortium of investors including NJJ and Teyliom Group and Sofima, to control its passive infrastructure assets.

The acquisition is for a cash consideration of €160 million or around $189 million, which is equivalent to an enterprise value of €178 million or $210 million. It also includes an estimated €18 million or around $21million of taxes and capitalised ground leases.
The company has stated that the deferred consideration and growth capex of €40million or $47million and around €30 million or $35million respectively are expected to be invested over the next 5 years in relation to the rollout of 400 committed new build-to-suit sites.
On 12August 2020, at the time of writing, GMT 08:48 AM, HTWS shares were trading at GBX 169.60, up by 2.60 points or 1.56% against the previous day closing price.

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