- On 12 August Helios Towers signed an agreement with Free Senegal, the second largest mobile operator in Senegal, to acquire its 1,220 tower portfolio for an upfront cash consideration of €160 million (c.$189 million). Additionally 400 build-to-suit sites have been committed to be rolled out over the next 5 years. Helios Towers have entered into a 15 year service agreement with Free Senegal for the provision of hosting and energy services on the acquired sites and the build-to-suit sites to be rolled out in the future.
- Helios Towers continues to monitor the impact of COVID-19 on its operations and to date there has been no significant impact. The telecommunications sector has been classified as an ‘essential service’ in our markets, allowing us to operate at our normal high levels of service, with record power uptime in June 2020, as well as roll out of new tenancies.
- Increase in tenancies of 806 tenants year-on-year to 14,906 tenants (H1 2019: 14,100 tenants). Q2 2020 tenancies increased by 229 quarter-on-quarter to 14,906 (Q1 2020: 14,677).
- Increase in sites of 210 sites year-on-year to 7,092 sites (H1 2019: 6,882 sites). Q2 2020 number of sites increased by 101 quarter-on-quarter to 7,092 (Q1 2020: 6,991).
- Tenancy ratio increased year-on-year by 0.05x to 2.10x (H1 2019: 2.05x). Q2 2020 tenancy ratio constant quarter-on-quarter at 2.10x.
- Two in-market acquisitions were signed in Q2 2020 which is in line with the full year capex guidance.
- 29 June 2020: Helios Towers plc’s South African subsidiary acquired 46 sites from Eagle Towers, with a further 19 sites expected as part of this transaction later in the year.
- 30 June 2020: Helios Towers Congo Brazzaville signed a Managed Service Agreement for 34 sites which are in the process of being acquired from Airtel Congo S.A.
Read the H1 2020 results in full here