Mounting debt and losses may sour Helios Towers’ IPO in London in October

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.

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            ▪ 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.

https://www.jeuneafriquebusinessplus.com/en/799040/mounting-debt-and-losses-may-sour-helios-towers-ipo-in-london-in-october/

24/09/2019 at 14h58, by Jeune Afrique 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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