Africa’s Helios Towers still prioritising tenancy over build; seeks to maintain FY24 ‘momentum’
One year into Africa-focused TowerCo’s ‘lease-up’ strategy pivot: CEO Tom Greenwood says group is confident in reaching colo and cash targets, with further tenancies on existing towers within grasp. M&A remains no-go…
This article includes:
- Organisations: Helios Towers.
- Geographic: Central & Southern Africa; East & West Africa; Middle East & North Africa; Oman; Tanzania.
- People: Manjit Dhillon; Tom Greenwood.
- Themes: Adjusted EBITDA; Colocation (colo); Free cash flow (FCF); Lease-up strategy; M&A (mergers and acquisitions); Mobile network operators (MNOs); Operating profit; Organic tower rollout; Return on invested capital (ROIC); Tenancy ratio; TowerCo.
- Events: Helios Towers FY23, FY24, FY25 and FY26 financial results.
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