Macro overview


Mobile penetration(1)


Mobile connections CAGR(2)


Population CAGR(3)

Our KPIs – Q1 2024






Tenancy ratio

Our customers


Malawi overview

Rosette with number 1 Leading independent towerco

The agriculture sector is the mainstay of Malawi’s economy and accounts for 80% of export revenues, with key exports including tobacco, tea and sugar.

It has one of the lowest levels of mobile penetration globally at 46%, and given its strong population growth forecast of 3% per annum, Malawi represents a compelling market in which we can support the growth of mobile communications, which are expected to grow by 7% annually for the next five years.

We entered the market after acquiring Airtel Africa’s passive infrastructure company in March 2022 and are the only independent telecommunications infrastructure company in the market. As the two mobile operators (Airtel and TNM) look to meet the insatiable demand for mobile, we are well-positioned to support their expansion.

Regional Contact

Helios Towers Malawi

Malawi Towers Limited,
2nd Floor, Glass House,
Area 14, P.O. Box 30450,
Capital City, Lilongwe

+265 999 98 35 92

(1) GSMA Database, accessed December 2023. Refers to 2023 mobile penetration.
(2) Analysys Mason report, February 2024. Refers to growth between 2023 and 2028.
(3) Population CAGR is calculated based on United Nations World Population Prospects 2022. Refers to growth between 2023 and 2028.