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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.

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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

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CONTACT

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Monday 12 February, 2018

Helios Towers Africa

Final Results

RNS Number : 5812E
Helios Towers Africa
12 February 2018
 

This replaces the announcement released at 7.00am this morning (RNS number 5202E). This replacement corrects the year in the fourth bullet point from 2017 to 2016, no further changes have been made.

 

 

 

12 February 2018

 

 

STRONG FULL YEAR OF FINANCIAL AND OPERATIONAL PROGRESS

 

Helios Towers, the independent telecoms tower infrastructure company, announces audited results for the 12 months to 31 December 2017.

 

Financial highlights

 

·      Revenue for the 12 months increased 22% year-on-year to US$345m (FY 2016: US$283m)

 

·      Adjusted EBITDA up 39% year-on-year to US$146m (FY 2016: US$105m) with Adjusted EBITDA margin at 42% (FY 2016: 37%), up 5ppts

 

·      Growth momentum continued strongly into the last quarter of 2017, with Q4 Annualised Adjusted EBITDA being $164m, some 11% quarter-on-quarter growth from Q3

 

·      Cash and cash equivalents of US$120m at the end of the period (31 December 2016: US$134m)

 

Operational highlights

 

·      Total colocations up 7% year-on-year at 6,468 (FY 2016: 6,032) with tenancy ratio improved to 1.99x (FY 2016: 1.93x)

 

·      Total sites at 6,519 up 1% year-on-year (FY 2016: 6,477)

 

·      Year-on-year growth in revenues and Adjusted EBITDA driven by organic demand and Business Excellence Program

 

·      Appointment of new Independent Chairman, Allan Cook CBE DSc, the former chairman of WS Atkins

 

Outlook

 

·      Remain focussed on margin expansion through organic growth and adding more collocation, amendment and built-to-suit tenancies while also driving efficiencies through operational improvements and investment in reducing power costs

 

·      Well positioned for growth with market leading positions in some of the most attractive and highest growth telecom markets in Sub-Saharan Africa

 

 

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

 

"I am pleased to report another strong year for Helios Towers in which we delivered strong revenue growth driven by increased amendment and standard colocations and build-to-suit towers.  We also significantly enhanced our margin by focusing on efficiencies in our operations and investment in power supply innovation.  In the year, 249 further locations benefitted from solar panel investment, 375 towers were connected to the grid and hybrid power solutions were installed at a further 331 sites. 

 

As we move into 2018, we take forward a business that is robust, lean and focused, and well positioned to continue delivering for our customers, employees and investors. Our agenda remains clear and focused: to deliver more of the same. We will continue to mine the considerable potential for growth, in markets that are not only under-penetrated but that have a rich future of enhanced services and technologies to come. We will deliver further efficiencies that play straight to the bottom line.  Most importantly we will continue to listen to our customers, and by focusing on their needs, continue to deliver consistently high quality services that add value to their businesses."

 

 

 

Media Relations

Edward Bridges

FTI Consulting LLP

+44 (0)20 3727 1000

 

 

About Helios Towers

 

·      Helios Towers 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. HT builds and manages telecom passive infrastructure, leasing it to operators across the continent.

 

·      Helios Towers is an independent telecommunications tower infrastructure company, and owns and operates 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 providing services utilising the tower infrastructure 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 HT 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 Full Year report go to:

http://www.rns-pdf.londonstockexchange.com/rns/5812E_-2018-2-12.pdf

 


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