Helios Towers PLC - Africa-focused mobile phone tower infrastructure company - Extends long-stop date for its acquisition of Oman Telecommunications Co’s passive tower infrastructure portfolio. Date extended to November 24 from November 11. Long stop date is a date for the deal to be complete by. Has made ‘significant progress’ in satisfying closing conditions for acquisition. Anticipates that completion will take place in next few weeks.

Omantel is a telecommunications operator in Oman with the ‘most advanced mobile and converged networks in the country’. Had consolidated group revenue of $6.3 billion in 2021.

Current stock price: 122.20 pence, down 2.1% on Monday afternoon in London

12-month change: down 23%

;

Copyright 2022 Alliance News Limited. All Rights Reserved.