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Helios Towers PLC (LSE:HTWS) | RNS | Helios Towers PLC - Omantel Tower Portfolio Acquisition


Middle-East region, becoming a leading independent tower infrastructure provider in
Oman with 2,890 sites. These assets are expected to deliver revenues of
$59 million and adjusted EBITDA of
$40 million in the first full year of operations with further growth anticipated through colocation lease-up and 300 build-to-suit ( BTS ) sites committed over the next seven years, for which
$35 million growth capex is expected to be invested1.
 
It is anticipated that the Transaction will close by the end of 2021, subject to approval by Helios Towers shareholders and customary completion conditions including approval from the Telecoms Regulatory Authority of Oman. Helios Towers has received irrevocable undertakings to vote in favour of the acquisition at a General Meeting from certain shareholders representing over 50% of issued share capital at the time of announcement. ....

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Investegate |Helios Towers PLC Announcements | Helios Towers PLC: Omantel Tower Portfolio Acquisition


 
 
 
London, 11 May 2021: Helios Towers plc ( Helios Towers , the Group ), the independent telecommunications infrastructure company, and Oman Telecommunications Company ( Omantel ), the largest mobile network operator in Oman, are pleased to announce an agreement for Helios Towers to acquire Omantel s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575 million (the Transaction ). This represents an enterprise value of $615 million including the Group s estimate of transactions costs and capitalised ground leases of $40 million.
 
Through the Transaction, Helios Towers will establish its presence in the Middle-East region, becoming a leading independent tower infrastructure provider in Oman with 2,890 sites. These assets are expected to deliver revenues of $59 million and adjusted EBITDA of $40 million in the first full year of operations with further growth anticipated through coloc ....

Mof Oman , Ghana General , Free State , South Africa , United States , City Of , United Kingdom , Al Mamari , Stephanie Ellis , Kash Pandya , Airtel Africa , Paul Barrett , Chris Baker Sams , Oman Investment Authority , Financial Conduct Authority Listing , United Nations , Muscat Stock Exchange , Oman Future Telecommunications , Zain Group , Company Secretary , Oman Telecommunications Company Omantel , Telecoms Regulatory Authority Of Oman , Europe International , Points Of Service , Helios Towers , Oman Telecommunications Company ,

Increased infrastructure-sharing of mobile towers in Oman


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The anticipated launch of a third mobile network operator in the Sultanate of Oman will increase competition in the mobile sector. The current operators Omantel and Ooredoo have a similar and sizeable market share.
The telecom regulator in September 2019 approved the partnership between Vodafone Group and Oman Future Telecommunications to develop a mobile service using the Vodafone brand. In August 2020 the Ministry of Transport and Communications suggested that the third MNO could be licensed in early 2021.
In early 2020 the consortium agreed to lease mobile towers from Oman Tower Company (OTC), and this will allow them to enter the mobile market more quickly. OTC plans to build more mobile towers in Oman throughout 2020 and make these available for infrastructure sharing. ....

Sultanate Of Oman , Oman Broadband Company , Nama Group , Majan Telecom Renna , Telecom Maturity Index , Oman Future Telecommunications , Oman National Broadband Strategy , Vodafone Group , Oman Telecommunications Company Omantel , Telecommunications Oman Te , Oman Tower Company , National Broadband , Middle East , Full Copy , Oman Telecommunications Company , Oman Mobile , Ooredoo Oman , Majan Telecom , Integrated Telecommunications Oman , Market Reports , சுல்தானேட் ஆஃப் ஓமான் , ஓமான் பிராட்பேண்ட் நிறுவனம் , நாமா குழு , தொலை தொடர்பு முதிர்ச்சி குறியீட்டு , ஓமான் எதிர்கால தொலைத்தொடர்பு , ஓமான் தேசிய பிராட்பேண்ட் மூலோபாயம் ,

Vodafone secures licence to become Oman's third telecoms operator


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Oman awarded Vodafone a licence to establish and operate public telecommunications services in the country, making the British telecom giant the third operator in the Sultanate.
Vodafone Oman said the move will ensure a “fair and healthy competitive landscape” for all citizens and residents of Oman.
“The presence of Vodafone in Oman will contribute to the development of all sectors including the economic and educational sectors, and in line with Oman Vision 2040,” Nasser bin Salem al Hosani, vice chairman of Vodafone Oman, said in a statement.
“We have focused on attracting the best international expertise in the field of telecommunications, which is represented in the strategic partnership with Vodafone Global,” he added. ....

United Kingdom , City Of , Diego Massidda , Salem Al Hosani , Oman Telecommunication Company Omantel , Oman Future Telecommunications , Oman Vision , Vodafone Oman , Vodafone Global , Oman Telecommunication Company , Partner Markets , Vodafone Partner Markets , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஓமான் எதிர்கால தொலைத்தொடர்பு , ஓமான் பார்வை , வோடபோன் ஓமான் , வோடபோன் உலகளாவிய , ஓமான் தொலைத்தொடர்பு நிறுவனம் , கூட்டாளர் சந்தைகள் , வோடபோன் கூட்டாளர் சந்தைகள் ,