African mast operator Helios Towers launches up to $1.8 bln London IPO

African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a…

African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a source familiar with the matter told Reuters, implying a total valuation of $1.42 billion to $1.79 billion. The company, which operates phone masts in the Democratic Republic of Congo, Republic of Congo, Ghana, South Africa and Tanzania, last year shelved plans for its IPO amid concerns about political risks in DRC and Tanzania.

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