06/13/2019 | Press release | Distributed by Public on 06/13/2019 03:13
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
13 June 2019
Helios Towers announces the appointment of additional directors of HTA Group, Ltd
Helios Towers Ltd. ('Helios Towers'), the independent telecoms tower infrastructure company, today announces the appointment of Helen Shaw (nee Ebert) and Mohammad Ali Joomun as additional directors of HTA Group, Ltd.
Edward Bridges / Stephanie Ellis
FTI Consulting LLP
+44 (0)20 3727 1000
About Helios Towers ('HT')
· Helios Towers is a leading independent telecommunications tower infrastructure company in Africa, having established one of the continent's most extensive tower portfolio with over 6,700 towers across five countries. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
· It owns and operates more sites than any other operator in each of Tanzania, Democratic Republic of Congo ('DRC'), and Congo Brazzaville. It is also a leading operator in Ghana with a strong urban presence and established a presence in South Africa in 2019.
· It pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.
· Investors in the company include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.
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