Tag Archive for 'telecommunications'
August 24th, 2020 by Tom Minney
A telecoms firm launched in Lagos is set to be Africa’s biggest listing in the United States with a suggested $7bn valuation. IHS Holding Ltd, which operates up to 28,000 wireless telcoms towers across nine countries, announced plans to go ahead with a potential initial public offering (IPO) of shares to investors in a press […]
October 16th, 2019 by Tom Minney
Mobile telephone infrastructure company Helios Towers raised $364 million and listed on the London Stock Exchange yesterday 15 October. The stock HTWS launched at the bottom of the target price range at 115p and traded in a range of 115.00 – 126.98 over the day. Excluding the “greenshoe” extension the offer raised $318m, according to […]
October 10th, 2019 by Tom Minney
Africa’s next mega-listing on the London Stock Exchange is an African company that operates 7,000 towers in the mobile telecommunications sector that continues to show strong growth. According a a recent report on Reuters, Helios Towers Ltd has priced its initial public offering (IPO) at 115-145 pence per share on 2 October, implying a total […]
June 28th, 2019 by Tom Minney
Shares in Africa’s second biggest telecom company had a disappointing start in conditional trading on the London Stock Exchange today. The initial public offer had been priced at the bottom of the 80p-100p range, and in exchange trading it quickly plummeted 16% from 80p and by 4pm the shares had retreated to around 67p. Today […]
August 4th, 2017 by Tom Minney
Vodacom Tanzania’s extended $213 million IPO closed 28 July and results are to be announced 7 August, with the listing on the Dar es Salaam Stock Exchange due 15 August.
June 27th, 2017 by Tom Minney
Some 40,000 Tanzanians subscribed for the TZS476 billion ($213 million) initial public offer (IPO) of Vodacom Tanzania Ltd.
March 8th, 2015 by Tom Minney
Nairobi is ranked the most attractive city for foreign direct investment (FDI) in Africa but North African cities and Johannesburg dominate the continent in an interesting PwC report, highlighting 20 African cities, because cities are the engine of growth worldwide and particularly in Africa.
October 21st, 2013 by Tom Minney
A leading African private equity house Development Partners International (DPI) has reached the first close of its second pan-African African Development Partners II (ADP II) fund at over $400 million.
April 27th, 2012 by Tom Minney
The Nigerian Stock Exchange says it will have the fastest trading system in Africa when it upgrades its trading to NASDAQ OMX Group’s X-Stream platform, with a target date of second quarter of 2013. The new system will handle a wide range of instruments.
November 11th, 2011 by Tom Minney
The International Finance Corporation plans to invest up to $700 million in new African telecommunications projects in this year and the next, says Reuters.