Macro overview

37%

Mobile penetration(1)

5%

Mobile connections CAGR(2)

2%

Population CAGR(3)

Our KPIs – Q3 2022

489

Sites

586

Tenants

1.20x

Tenancy ratio

Our customers

Airtel
Orange
Telma

Madagascar overview

Rosette with number 1 Leading independent towerco

Situated off the coast of southern Africa, Madagascar is the fourth largest island in the world. Around 60% of the island’s population are under 25, representing the backbone of future demand for mobile communications.

The mobile penetration rate remains below the average for the African region at 37% and mobile connections are expected to grow by 5% annually over the next five years.

We set foot in the market following the acquisition of Airtel Africa’s passive infrastructure company in November 2021, and as the only independent towerco in this market, we look forward to supporting MNOs to expand their networks more efficiently and cost-effectively.

Regional Contact

Helios Towers Madagascar

Madagascar Towers SA,
Immeuble S, Lot II 1 AA Morarano Alarobia,
Antananarivo,
Madagascar

(1) GSMA Database, accessed December 2022. Refers to 2022 mobile penetration.
(2) Analysys Mason report, February 2022. Refers to growth between 2021 and 2026.
(3) Population CAGR is calculated based on United Nations World Population Prospects 2022, accessed November 2022. Refers to growth between 2021 and 2026.