Soros-Backed Helios Towers Revives IPO Preparations
- Company considers filing for listing as soon as this year
- Share sale could value Helios Towers at about $3 billion
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Helios Towers, one of sub-Saharan Africa’s largest mobile-phone tower operators, is reviving plans for an initial public offering, people familiar with the matter said.
The company’s advisers are resuming preparations for an IPO that could value Helios at about $3 billion, according to the people. It is considering filing for the share sale as soon as this year, the people said. The tower owner is weighing London and Johannesburg as listing venues, though it hasn’t made a final decision, one of the people said.