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

August 13, 2020 05:26 AM AEST | By Team Kalkine Media

Google News:

Recent News

Nuix (ASX:NXL) Slips Despite Coverage Debut: What It Means for ASX200...

Deep Yellow Extends Rally as Uranium Demand Heats Up: ASX200 Insights

Australia-EU Pact Talks Signal Strategic Shift for ASX200 Amid Geopoli...

Mayne Pharma Shareholders Endorse $672M Cosette Deal as ASX200 Court C...

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.