StockMarketWire.com - HTN Towers - a leading independent telecoms tower operator in Nigeria - intends to float on the London Stock Exchange.

The company says it will publish a pathfinder prospectus relating to its proposed initial public offering later today.

The company intends to target a total free float of 50-60% and raise around $125m to fund capital expenditures related to its growth strategy.

Chairman Pierre Danon said: "HTN Towers is a pioneer tower sharing company in Africa with an excellent track record of operations in our home market of Nigeria since 2006. Our recent rebranding was a step change in the company's development and a London Stock Exchange listing is the next logical step in our growth strategy. We are ambitious with pan-African growth aspirations which we will achieve through best practice operations, sound corporate governance and trust."




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