Helios announces key acquisitions to advance Africa aspirations

Tower operator to acquire over 1,200 telecommunications sites in Senegal.

Firm announced results for the first three months of 2020 ending 31 March 2020, its first full quarter as a listed company.

CEO Kash Pandya said the current environment does not favour acquisition operations.

Telecoms infrastructure firm says country requires US$1.5-billion over the next five years to meet demand for installations.

Company pens deal with SA Towers to tap into established pipeline of potential tower sites.

Helios Towers South Africa will build out wireless and fixed line open-access infrastructure in the country.

Project will connect Equatorial rainforest and Kasaï-Central province, scheduled to be completed in December 2018.

Through the acquisition, HTT says it hopes to grow its telecom tower sites in Tanzania to approximately 3 700 owned towers.

Telecoms tower company records strong performance in first quarter – on the back of positive results for the year ended 31 December 2016.

Independent telecoms infrastructure services provider secures 44% increase in revenue, increase in EBITDA according to results for the year ended 31 December 2016.

African tower company will use capital raise to consolidate its sources of finance and invest in towers infrastructure.