Helios Towers plc (LSE:HTWS) signed an agreement to acquire the Passive Infrastructure Assets from Sentel GSM S.A. for €200 million on August 12, 2020. The consideration consists of an upfront cash payment of €160 million and a deferred payment of €40 million. The consideration will be fully financed by existing cash and debt facilities of Helios Towers. As on September 10, 2020, HTA Group, Ltd. an indirect wholly owned subsidiary of Helios Towers plc announces offering of 7.00% senior notes of approximately €190 million the proceeds of the offering, if completed, will be used for financing the transaction. As on March 10, 2021, HTA Group, Ltd. an indirect wholly owned subsidiary of Helios Towers plc announces offering of convertible bonds for aggregate principal amount of approximately €210 million, the proceeds of the issuance of the Convertible Bonds will be used to fund the transaction. Helios Towers and Free Senegal have entered into a 15-year service agreement for the provision of hosting and energy services on the acquired sites and the sites to be built in the future. The transactions is subject to customary completion conditions and regulatory approval. It is expected that the deal will close by the 1st quarter of 2021. As of September 3, 2020, the transaction is expected to be completed first half of 2021. The acquisition is expected to be immediately accretive to earnings. BofA Securities, Inc. acted as financial advisor to Free Senegal. Jean-François Mercadier, Ali Boroumand, Hérine Oualembo, Marie-Noëlle Guilpain, Paul Cesar, Vincent Lazimi and Charles Koskas of DWF (France) AARPI and Mame Adama Gueye of Mame Adama Gueye & Associés acted as legal advisors to Free Senegal. Xavier Doumen and Laura Medjoub of Hogan Lovells, Robert Dixon of Vinson & Elkins Rllp and Cabinet Houda acted as legal advisors to Helios Towers. Helios Towers plc (LSE:HTWS) completed the acquisition of passive infrastructure assets from Sentel GSM S.A. on May 18, 2021.