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Helios Towers PLC (LSE:HTWS) | RNS | Helios Towers PLC - Omantel Tower Portfolio Acquisition


Middle-East region, becoming a leading independent tower infrastructure provider in
Oman with 2,890 sites. These assets are expected to deliver revenues of
$59 million and adjusted EBITDA of
$40 million in the first full year of operations with further growth anticipated through colocation lease-up and 300 build-to-suit ( BTS ) sites committed over the next seven years, for which
$35 million growth capex is expected to be invested1.
 
It is anticipated that the Transaction will close by the end of 2021, subject to approval by Helios Towers shareholders and customary completion conditions including approval from the Telecoms Regulatory Authority of Oman. Helios Towers has received irrevocable undertakings to vote in favour of the acquisition at a General Meeting from certain shareholders representing over 50% of issued share capital at the time of announcement. ....

Mof Oman , Ghana General , Free State , South Africa , United States , City Of , United Kingdom , Al Mamari , Stephanie Ellis , Kash Pandya , Airtel Africa , Paul Barrett , Chris Baker Sams , Oman Investment Authority , Financial Conduct Authority Listing , United Nations , Muscat Stock Exchange , Oman Future Telecommunications , Zain Group , Company Secretary , Oman Telecommunications Company Omantel , Telecoms Regulatory Authority Of Oman , Europe International , Points Of Service , Helios Towers , Oman Telecommunications Company ,

Investegate |Helios Towers PLC Announcements | Helios Towers PLC: Omantel Tower Portfolio Acquisition


 
 
 
London, 11 May 2021: Helios Towers plc ( Helios Towers , the Group ), the independent telecommunications infrastructure company, and Oman Telecommunications Company ( Omantel ), the largest mobile network operator in Oman, are pleased to announce an agreement for Helios Towers to acquire Omantel s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575 million (the Transaction ). This represents an enterprise value of $615 million including the Group s estimate of transactions costs and capitalised ground leases of $40 million.
 
Through the Transaction, Helios Towers will establish its presence in the Middle-East region, becoming a leading independent tower infrastructure provider in Oman with 2,890 sites. These assets are expected to deliver revenues of $59 million and adjusted EBITDA of $40 million in the first full year of operations with further growth anticipated through coloc ....

Mof Oman , Ghana General , Free State , South Africa , United States , City Of , United Kingdom , Al Mamari , Stephanie Ellis , Kash Pandya , Airtel Africa , Paul Barrett , Chris Baker Sams , Oman Investment Authority , Financial Conduct Authority Listing , United Nations , Muscat Stock Exchange , Oman Future Telecommunications , Zain Group , Company Secretary , Oman Telecommunications Company Omantel , Telecoms Regulatory Authority Of Oman , Europe International , Points Of Service , Helios Towers , Oman Telecommunications Company ,

Philippines, Egypt added to Oman's travel ban list


Opposition forces leave Somali capital after deadly clashes
Soldiers loyal to influential opposition leaders began pouring into the capital, where clashes broke out with pro-government troops, killing three
Updated 08 May 2021
May 08, 2021 02:08
MOGADISHU: Opposition fighters withdrew from the Somali capital on Friday, ending a tense standoff with pro-government troops after a dispute over delayed elections triggered the country’s worst political violence in years.
Hundreds of heavily armed gunmen pulled out of strongholds in Mogadishu they had occupied since late April, when a long-running political crisis turned deadly with clashes erupting between rival factions of the security forces.
Under a deal reached by the warring sides this week, opposition troops began leaving their positions in the capital, and key roads sealed off with sandbags and machine guns were opened once more. ....

Mof Oman , Ghana General , United Arab Emirates , United Kingdom , South Africa , Sierra Leone , Supreme Committee , ஆஃப் ஓமான் , கானா ஜநரல் , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது கிஂக்டம் , சியரா லியோன் , உச்ச குழு ,