October 2, 2019 / 7:32 AM / 16 days ago

Helios Towers sets IPO price range at 115-145 pence per share -source

LONDON, Oct 2 (Reuters) - African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a source familiar with the matter told Reuters, implying a valuation of $1.42 billion to $1.79 billion.

The company, which operates phone masts in the Democratic Republic of Congo, Republic of Congo, Ghana, South Africa and Tanzania, last year shelved plans for its IPO amid concerns about political risks in DRC and Tanzania.

Helios is planning a free float of at least 25% of the company, with a listing on the London Stock Exchange, and will use the proceeds for expanding its services, including possibly into new countries, it has said. (Reporting by Lawrence White, editing by Louise Heavens)

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