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African Telecom Firm Eaton Towers Is Said to Postpone IPO
LAGOS (Capital Markets in Africa) – African telecommunications company Eaton Towers Ltd. has decided to postpone an initial public offering on concern that conditions are hurting valuations, according to people familiar with the matter. Eaton Towers, partly owned by Ethos Private Equity Pty Ltd., was seeking a valuation of about $2 billion in a sale in London and Johannesburg, the people said, asking not to be named as the details aren’t public. The firm was initially planning…
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