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New Deal


Announced

Helios Towers to acquire passive infrastructure assets of Free Senegal for $210m.

Financials

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Transaction Value£160m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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telecommunications infrastructure

Cross Border

Single Bidder

Infrastructure

Majority

Disposal

Acquisition

Friendly

Pending

Senegal

Telecommunications infrastructure

Private

Synopsis

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Helios Towers, the independent telecommunications infrastructure company, agreed to acquire passive infrastructure assets of Free Senegal, the second largest mobile operator in Senegal, for $210m. "This agreement is aligned perfectly with our 2025 strategic ambitions, broadening our footprint within the African towers infrastructure market. We are acquiring a market-leading independent position in Senegal with long-term contracted revenues and a clear path to value creation through additional organic tower development, uplifts in the tenancy ratio and improved operational effectiveness, all built on the foundation of 15-year contracts. We look forward to working with Free Senegal and the other MNOs over the coming years to further develop mobile infrastructure in Senegal," Kash Pandya, Helios CEO.

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