Helios Towers Nigeria rebrands to HTN Towers, considers IPO

15 Jul 2015

Helios Towers Nigeria has announced the formal renaming of its company to HTN Towers and has revealed that it is considering an initial public offering (IPO) of its shares. In a press release on its website, the telecoms tower firm said: ‘It is only with strong foundations that a company can reach its full potential and we want HTN Towers to be Africa’s leader in providing best-in-class telecom infrastructure services. We aspire to grow efficiently, both with our existing Nigerian customers and across the African continent’. HTN Towers revealed that it is exploring a number of strategic options to fulfil these growth ambitions, one of which is a potential IPO of its shares. The company has a diversified tower sites portfolio of over 1,200 sites with a presence in 34 of the 36 Nigerian states.