Mounting debt and losses may sour Helios Towers’ IPO in London in October
Through a partial exit, the deal targets a return on the $350m investment made in 2009 by Lord Rothschild, Soros and Helios Investment Partners.
24/09/2019 at 14h58, by Africa Business+
According to market sources, the company which manages GSM towers for mobile network operators (MNOs) has selected London-based Linklaters to advise on the legal aspects of its IPO. They explain that potential investors may be put off by the low profitability of its “debt-ridden accounts.”
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