Helios Towers, the African and Middle Eastern telecom infrastructure group backed by Nigerian private-equity executive Temitope Lawani, has reported another period of solid growth as it enters a new strategic phase built around stronger cash generation and shareholder returns.
The London-listed tower operator booked revenue of nearly 635 million, up from less than 585 million a year earlier. The performance buoyed by sustained tenancy growth across its footprint and a tightening grip on costs marks a continuation of Helios transformation from an expansion-focused operator into a more balanced business prioritizing disciplined capital allocation and cash returns.
Helios grows earnings on stronger operations