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Senegal overview

Senegal, the economic hub of West Africa, is one of our new operational market, following the closing of our acquisition of a portfolio of 1,207 towers from Free Senegal in May 2021.

Senegal shares similar characteristics with our existing markets and satisfies all our investment criteria: these include a population of more than ten million and growing; three or more MNOs with competitive market share; a growing economy; and hard currency exposure.

The country’s population, currently around 17 million, is expected to grow at a 3% CAGR 2021-2026. As seen in many countries in Sub-Saharan Africa, Senegal has low mobile penetration of 53%. Senegal is considered an economic hub of West Africa and its currency, the CFA Franc, is pegged to the Euro by the French Central Bank. GDP growth from 2021-2026E is forecast at 6%, which remains significantly above the global average. Following a 5% CAGR from 2013-2020, mobile subscriptions are forecast to grow at a 4% CAGR to 2026, with points of service growing at a 7% CAGR over the same period. This represents over 1,800 incremental new points of service, each of which represents a tenancy opportunity for Helios Towers.

The market supports three players: Free, Orange (Sonatel) and Expresso. All three operators have reasonable market share, creating a stable and competitive operating environment. Helios Towers is the only independent towerco in the market, which provides us with a unique opportunity to work with all three MNOs to support colocation on our existing sites and additional BTS rollout.

Our customers

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HT 2022 KPIs

 

1,278 Sites     1,348 Tenants      1.05x Tenancy Ratio

 

Team

Philippe Loridon Regional CEO
Karim Ndiaye Managing Director
Fatoumata Mbaye Finance Director
Cheikh Dia Sales & Marketing Director
Fatma Dansoko Head of Human Resources
Moussa Traore Head of Projects
Hamidou Keita Head of Operations
Rokhaya Leye Regional SHEQ Manager
Mbaye Sarr Head of Legal & Regulatory Affairs
Mohameth Bao Head of Performance Engineering
Aitou Gueye Supply Chain Manager

Regional Contact - Senegal

Address: Helios Towers Senegal, SAU, 1er étage, Immeuble Seydou Nourou Tall, 66 Boulevard de la République, Dakar, Sénégal
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