Africa's Helios Plans IPO Seeking $2 Billion-Plus Value
- Telecom towers operator pursues London, Johannesburg listings
- Africa’s phone-mast industry is booming with devices use
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Helios Towers Plc, one of the largest sub-Saharan telecommunications tower operators, plans an initial public offering in early April to let shareholders such as Soros Fund Management LLC reduce their stakes.
Helios plans to sell shares in London and Johannesburg, the company said in a statement Friday. Helios expects at least 25 percent of its shares will be freely traded after the sale, and it’s not selling any new stock.