Helios Towers, the independent telecoms tower infrastructure company, announces unaudited results for the six months ended 30 June 2017.
Financial highlights
- H1 revenue up 41% year-on-year to US$169 million (30 June 2016: US$120 million) 87% of revenue from investment grade or near investment grade customers
- H1 adjusted EBITDA up 72% to US$56 million (30 June 2016: US$33 million)
- H1 adjusted EBITDA margin 33.3% (30 June 2016: 27.3%)
- Cash and cash equivalents of US$268 million as at 30 June 2017 (31 December 2016: US$134 million)
Operational highlights
- Increased tenancies to 12,467 (30 June 2016: 10,239) across 6,501 total tower sites
- Improved tenancy ratio of 1.92x (30 June 2016: 1.86x)
- 26% increase in total co-locations to 5,966, entered into a number of new agreements regarding future colocation opportunities
"We are continuing to deliver against our strategic priorities driving revenues by securing more tenancies and improving our tenancy ratio. We remain focused on driving continued growth, both organically and through selective acquisition opportunities that enable us to expand our coverage, increase co-locations and further consolidate our market-leading positions in the fast-growing telecommunications sector.
We continue to make progress with our Business Excellence Programme, enhancing our performance and the service we offer to our customers, who rely on us to provide the crucial infrastructure to support their high customer service targets."
Kash Pandya
Chief Executive Officer
Download the Q2 Quarterly Report
For further information, please contact:
Media Relations
Edward Bridges FTI Consulting LLP +44 (0)20 3727 1000
About Helios Towers:
- Helios Towers is a leading independent tower company in Africa, having established one of Africa’s most extensive tower networks with more than 6,500 towers in four markets. HTA builds and manages telecom passive infrastructure, leasing it to operators across the continent.
- Helios Towers is an independent telecommunications tower infrastructure company, and owns and operates more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo, or DRC, and Congo Brazzaville. We are also a leading operator in Ghana with a strong urban presence.
- The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and leasing them back to the seller and other operators. Allowing wireless operators to outsource non-core tower-related activities enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.
- Investors in HT include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.
http://www.heliostowersafrica.com