Millicom trims Helios Towers stake

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By Aidan Gregory
20 Nov 2020

Millicom International Cellular has sold a 5.2% stake in Helios Towers, the Africa-focused telecommunications infrastructure company, through an accelerated bookbuild.

The £80.60m sale consisted of 48m shares. At the 155p offer price, investors received an 11.6% discount the closing price on Helios Towers on Thursday evening.

Citigroup and JP Morgan were bookrunners.

Millicom International Cellular is left with a 7.6% stake in Helios Towers following ...

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