|Bid||470.40 x 0|
|Ask||470.60 x 0|
|Day's Range||463.60 - 471.60|
|52 Week Range||439.80 - 638.00|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||1,397.03|
|Forward Dividend & Yield||12.27 (2.65%)|
|1y Target Est||N/A|
(Bloomberg) -- Helios Towers Ltd. shares traded about flat in London after the company raised 288 million pounds ($364 million) in a long-delayed initial public offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.Shares in the company backed by billionaire financier George Soros priced at 115 pence apiece, the bottom of the range, the company said in a statement. The stock was up 0.5% as of 10:11 a.m.Shareholders including Millicom International Cellular SA and Bharti Airtel Ltd. sold down their stakes in the London IPO, with Helios set for a market valuation of 1.15 billion pounds.Helios has more than 6,800 towers spread across five African countries and the money raised from selling new shares will help it to roll out fourth-generation mobile services and keep pace with soaring mobile data consumption on the continent. It was originally looking to raise as much as $500 million.Read more: Helios CEO says IPO proceeds to be used for expansionHelios went public as many similar offerings are stumbling or being pulled. Two tech IPOs were delayed last week, citing market conditions, and yacht maker Ferretti SpA late on Monday reduced the price range for its upcoming sale.Not everyone is getting shy: special-effects company DNEG Ltd. is exploring selling shares in London to raise 150 million pounds to fund growth, it said Tuesday.Choppy MarketsAfrican and Middle Eastern companies have helped to keep the London IPO market alive, although with mixed results. Airtel Africa Ltd. has lost a third of its value since listing in June.Helios already had to cancel an IPO attempt last year. It was one of three African tower firms that tried to sell stock in London or New York. The most optimistic estimates gave them a potential combined value of $15 billion before choppy markets scuppered the plans and Helios’s two peers went down other routes.The biggest, IHS Towers, decided to raise $1.3 billion via the debt market in two offerings that will close next week. The other, Eaton Towers Ltd., is being bought by American Tower Corp.Helios serves carriers including Airtel Africa, MTN Group Ltd. and Vodacom Group Ltd. It’s the only independent tower operator in the Democratic Republic of Congo and Tanzania, has operations in Ghana and launched in South Africa this year.(Updates with trading in first and second paragraphs)To contact the reporters on this story: Swetha Gopinath in London at email@example.com;Loni Prinsloo in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Luxembourg, October 2nd, 2019- A new study conducted by Oxford Economics, the leader in global forecasting and quantitative analysis, showed a positive overall outlook for the.
Luxembourg, 26 September 2019 – Millicom, widely known as TIGO, its commercial brand, will be hosting a conference call with Oxford Economics, a leader in global forecasting,.
Notice of third-quarter 2019 results and conference call Luxembourg, 20 September 2019 – Millicom will announce its third-quarter results for the period ending 30 September.
Luxembourg and Panama City, September 9, 2019- Following the acquisitions of Cable Onda, the leading cable operator in Panama, and of Movistar, the leading mobile operator in the country, Millicom (TIGO) is now positioned as the clear telecommunications market leader in Panama and Central America. Cable Onda currently serves more than 350,000 residential customers and is the largest provider of B2B fixed telecommunications services, while Movistar adds more than 1.6 million mobile subscribers to this customer base.
Millicom closes acquisition of Telefónica operation in Panama Luxembourg, August 29, 2019 – Millicom announced today that it has closed the acquisition of Telefónica Móviles.
Millicom’s H1 2019 Consolidated Financial Statements Luxembourg, August 23, 2019— Millicom, a leading provider of cable and mobile services operating under the TIGO brand.
Millicom’s 2018 Annual Report Receives International Accolades Luxembourg, August 13, 2019— Millicom, a leading provider of cable and mobile services operating under the.
Millicom joins industry-leading innovation lab, CableLabs Luxembourg, July 24, 2019— Millicom, a leading provider of cable and mobile services which operates under the TIGO.
Building the Tigo of the future Luxembourg, July 18, 2019 Millicom Chief Executive Officer Mauricio Ramos commented: “We made significant progress on a number of.
Millicom completes sale of Tigo Chad operations Luxembourg, June 27, 2019 – Millicom announced today it has completed the transaction announced on March 14, 2019, for.
Luxembourg, June 26, 2019— Millicom, a leading provider of cable and mobile services which operates under the TIGO brand in Latin America, announced today it is partnering with world-class vendor Schneider Electric for infrastructure monitoring of its datacenters. During its annual datacenter workshop taking place this week in Panama, the leading convergent operator was also joined by DatacenterDynamics with the CEEDA program, and Uptime Institute, from whom it received multiple certifications and awards.
Notice of second quarter 2019 results and conference call Luxembourg, June 20th, 2019 – Millicom will announce its second quarter results for the period ending June 30th,.
Domicile has long been an investor's only way of geographically diversifying a portfolio, but that gives a misleading impression of the actual diversity of a portfolio. Large multinational companies have global revenue streams, as do lesser-known companies whose revenue exposures can be surprising. Consider Millicom International Cellular TIGO .
Notification of share purchase transaction by Millicom CEO Luxembourg, June 14, 2019 – Millicom International Cellular S.A. ("Millicom") announced today that its Chief.
Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the resolution of its shareholders at the annual general meeting on May 2, 2019, it has distributed a total of 16,607 shares to members of its Board of Directors as part of the director remuneration for the period from the date of the 2019 AGM to the 2020 AGM, to be held in May 2020. In accordance with the resolution the number of shares has been calculated based on the remuneration approved by the AGM and with reference to the closing share price of Millicom on May 6, 2019 ($57.20). Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa.
Kinnevik withdraws public offering of shares in Millicom Luxembourg, June 13th, 2019 – Millicom International Cellular S.A. (“Millicom”) announced today that its largest.
Millicom publishes prospectus and applies for listing of its SEK Sustainability Bond Luxembourg, June 11, 2019 – Millicom International Cellular S.A. ("Millicom") announces.
Millicom International Cellular S.A. (“Millicom”) announced today that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) to register the offer and sale of 11 million shares of Millicom (TIGO) held by Kinnevik AB, Millicom’s largest shareholder and/or its affiliates (collectively, “Kinnevik”). In addition, Kinnevik has granted the underwriters the option to purchase up to 1.65 million Millicom shares from Kinnevik within 30 days from the offering date.
Luxembourg, May 28, 2019— Millicom, a leading provider of cable and mobile services that operates under the TIGO brand in Latin America and Africa, announced today it has successfully completed its first-ever assessment by the Global Network Initiative (GNI). The GNI assessment reviewed Millicom’s efforts to implement the GNI Principles on Freedom of Expression (FoE) and Privacy. The multi-stakeholder GNI Board of Directors determined that Millicom is making good faith efforts to implement the GNI Principles with improvement over time.
Millicom closes acquisition of Telefónica operations in Nicaragua Luxembourg, May 16, 2019 – Millicom announced today it has closed the acquisition of Telefonía Celular de.
Luxembourg, May 8, 2019 – Millicom International Cellular S.A. (“Millicom”) rated Ba1 (Stable) by Moody’s and BB+ (Stable) by Fitch, has successfully priced a SEK 2 billion.
Millicom International Cellular S.A. (“Millicom”) today held its Annual General Meeting of Shareholders (AGM) in Luxembourg. The AGM resolved in accordance with all proposals of the Board and the Nomination Committee. The AGM approved the annual accounts and the consolidated accounts for the year ended December 31, 2018, and resolved on the distribution of a dividend of USD 2.64 per share, to be paid in two equal installments on or around May 10, 2019, and November 12, 2019, respectively.