He­lios Tow­ers on the hunt

The Africa Report - - DOSSIER TELECOMS -

Af­ter ditch­ing its plans to launch an IPO in Lon­don ear­lier this year to raise funds for net­work ex­pan­sion, He­lios Tow­ers is in talks with po­ten­tial part­ners to en­ter the South Africa mar­ket, where only 10% of 30,000 tow­ers are op­er­ated by in­de­pen­dent tower com­pa­nies. The move is in prepa­ra­tion for a stock-mar­ket list­ing, which CEO Kash Pandya said could take place “as soon as the sec­ond half of 2019, de­pend­ing on mar­ket con­di­tions”.

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