Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
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Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
Its revenue rose by 23 percent to $127.5 million.
The deal is valued at $55 million.
The transaction comes four months after the Jonah-led business paid $51.7 million for 490 tower sites in Madagascar.
Helios Towers is a leading independent telecom infrastructure group in Africa.