March 2, 2018 / 6:42 AM / 3 months ago

Helios Towers planning April listing in London​

London, March 2 (Reuters) - African mobile networks operator Helios Towers plans to list on the main market of the London Stock Exchange in early April and expects the company to be valued at around 2 billion pounds ($2.75 billion).

The Helios Towers Group was formed in December 2009 and owns around 6,600 towers in Ghana, Tanzania and the Democratic Republic of the Congo.

It is owned by telecom firms Millicom and Bharti Airtel and hedge funds including Soros Fund Management, which owns more than 20 percent, and Albright Capital Management.

In 2017, it reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $146 million on revenue of $345 million while its net debt rose 57 percent to $595.2 million.

$1 = 0.7261 pounds Reporting by Clara Denina; editing by Jason Neely

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