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Eurobites: African Towers Firm Plans IPO

Paul Rainford

Also in today's EMEA regional roundup: Proximus reports full-year results; Storm Emma wreaks havoc with Irish telecom; Virgin Media cleared for potential healthcare role.

  • Helios Towers, which owns a good chunk of telecom infrastructure in sub-Saharan Africa, is planning an IPO next month. The company hopes to sell shares in London and Johannesburg, Bloomberg reports, and is looking at a valuation in the region of $2.6 billion.

  • Belgium's Proximus has had a decent 2017, with domestic revenue up 1.1% to €4.45 billion (US$5.48 billion) and EBITDA up 2.0% to €1.68 billion ($2.06 billion). Proximus gained market share in broadband and TV, and saw growth in its postpaid mobile customer base, though that was outweighed by losses in the prepaid camp. Almost half (48.7%) of the operator's customer base are now signed up for triple- or quad-play services. For full-year 2018, Proximus is now forecasting "nearly stable" revenue, slight growth in group underlying EBITDA and capex down a touch to around €1 billion ($1.23 billion).

  • Irish operator eir estimates that it had around 10,000 customers this morning without landline, broadband or mobile services following damage to its infrastructure caused by Storm Emma, which brought high winds and snow.

  • Virgin Media Business Ltd. has been cleared to provide connectivity services to support the integration of Britain's National Heath Service (NHS) and social providers after securing Stage 2 compliance certification to the Health and Social Care Network, a pan-NHS data network.

  • Andrei Dubovskov has stepped down as president and chairman of the management board at Russia's Mobile TeleSystems OJSC (MTS) (NYSE: MBT). He will be succeeded by Alexey Kornya, currently vice president for finance, investments, mergers and acquisitions at the company.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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