Helios Towers PLC (LSE:HTWS)
£ 1.248 0.004 (0.32%) Market Cap: 1.31 Bil Enterprise Value: 2.71 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 70/100

Helios Towers PLC Enters into Agreement to Acquire 2,890 Sites from Omantel Call Transcript

May 11, 2021 / 12:00PM GMT
Release Date Price: £1.71 (+0.59%)
Kash Pandya

Thank you. Welcome, everybody. Good afternoon. We're pleased to take you through the detail of the acquisition we announced this morning regarding Omantel tower portfolio. Joining me on this call is the usual 3 of us. Joining me is Tom Greenwood, our Chief Operating Officer; and Manjit Dhillon, our Chief Finance Officer. I'm hoping that you have the presentation that we circulated on our website earlier today, and I'm on Slide 2 of that deck.

Moving on to Slide 3, summarizing the acquisition we've -- announced an acquisition of 3,000 towers from Omantel supporting our entry into one of the fastest-growing markets in the Middle East, and that really helps us to open up into looking at other opportunities in that geography. Another transformational transaction, it takes our overall tower count now pro forma once we've closed these deals that we announced in the last few months and weeks to circa 15,000 towers, doubling our tower count since we IPO-ed in October 2019 and exceeds our vision that we articulated during the IPO. Further expands our geography and diversifies our customer base that

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