Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Friday 19 May, 2017

Helios Towers Africa

Quarterly Report

RNS Number : 6711F
Helios Towers Africa
19 May 2017
 

19 May 2017

 

HELIOS TOWERS AFRICA

 

CONTINUED MOMENTUM IN FIRST QUARTER: STRONG YEAR-ON-YEAR INCREASES IN REVENUE AND EBITDA

 

 

Helios Towers Africa, the independent telecoms tower infrastructure company, announces unaudited results for the first quarter ended 31 March 2017.

 

Financial highlights

 

·    Q1 revenue up 39.9% year-on-year to US$83.0 million (Q1 2016: US$59.4 million) - 87% of revenue from investment grade or near investment grade customers

 

·     Q1 adjusted EBITDA up 71.3% year-on-year to US$27.5 million (Q1 2016: US$16.1 million)

 

·     Q1 adjusted EBITDA margin up 22.5% year-on-year to 33.1% (Q1 2016: 27.0%)

 

·    Cash and cash equivalents of US$288.8 million as at 31 March 2017 (31 December 2016: US$133.7 million). Supplemented by successful US$600 million Bond issuance in March 2017

 

·     Net debt of US$323.2 million as at 31 March 2017 (31 December 2016: US$267.4 million)

 

Operational highlights

 

·      Increase in tower sites of 19.3% year-on-year to 6,507 sites (Q1 2016: 5,454 sites)

 

·      Increase in tenancies of 22.7% year-on-year to 12,383 sites (Q1 2016: 10,089 tenancies)

 

·      Improved tenancy ratio of 1.90x (Q1 2016: 1.85x)

 

Kash Pandya, Chief Executive Officer of Helios Towers Africa, said:

 

"Our strong financial and operational performance in 2016 has continued into the first quarter of 2017, with impressive results in our key metrics. Revenue and EBITDA have recorded 39.9% and 71.3% increases respectively. Operationally, we have more tower sites, more tenancies and an improved tenancy ratio.

 

"Our operational focus on 'business excellence' is improving our service level performance and we also recently issued a US$600m Bond. This has added greater strength to our balance sheet and shows our strategy is appreciated as the right one."

 

About HTA: 

·   HTA is a leading independent tower company in Africa, having established one of Africa's most extensive tower networks with more than 6,500 towers in four markets. HTA builds and manages telecom passive infrastructure, leasing it to operators across the continent.

 

·   HTA are the sole independent telecommunications tower infrastructure company, and own and operate more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo, or DRC, and Congo Brazzaville. We are also a leading operator in Ghana with a strong urban presence.

 

·   The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and leasing them back to the seller and other operators. Allowing wireless operators to outsource non-core tower-related activities enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

 

·    Investors in HTA include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.

 

·     For further information go to:

www.heliostowersafrica.com

 

·     To view the quarterly report go to:

http://www.rns-pdf.londonstockexchange.com/rns/6601F_-2017-5-19.pdf

The information in this press release is for journalists and media professionals and should not be relied on by other persons. It does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any securities in the company. The information provided contains certain forward-looking statements with respect to the financial condition, results, operations and businesses of the company. These statements and forecasts involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Past performance is no guide to future performance. Unless otherwise required by applicable law, regulation or accounting standard, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEGCGDULSBBGRC

a d v e r t i s e m e n t