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Helios Towers Africa, Strong Growth in Revenue & EBITDA, and Operational Expansion

Press Release – 7 April 2017

Helios Towers Africa Ltd, the independent telecoms infrastructure services provider announces its audited results for the year ended 31 December 2016.

Financial highlights

• Revenue up 44% to US$283 million (2015: US$197 million)
- CAGR rate, for revenue, of 29.8% between 2013-2016
- 86% of revenue from investment grade or near investment grade customers

• Adjusted EBITDA up 143% to US$85 million (2015: US$35 million)
- CAGR rate, for EBITDA, of 39.7% between 2013-2016

• Cash and cash equivalents of US$134 million as at 31 December 2016 (31 Dec 2015: US$88.3 million)

• Net debt of US$267 million as at 31 December 2016 (31 Dec 2015: US$165.4 million)

• Post year end events:
- March 2017: Successful US$600 million Bond issuance, funding growth and rationalising capital structure

Operational highlights

• 1,053 tower sites added, year-on-year growth of 19.4%
- Growth due to acquisition of Airtel’s towers in the DRC and other organic expansion
- Tower portfolio total now 6,477, a CAGR rate of 29.6% between 2013-2016

• 2,267 new tenants added, year-on-year growth of 23%
- Tenancy ratio increased from 1.85x to 1.90x


• Well positioned to capitalise on customer demand for new sites, as customers fulfil point-of-service requirements
• Current committed orders, and pipeline opportunities suggests a year of attractive top line growth
• Operational Excellence Programme combined with Green Power System investment set to deliver continued operating expense reduction and service level improvements

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

“2016 was an excellent year for HTA both operationally and financially and momentum has continued into 2017. The last year has been one of significant growth for our business. We have seen strong organic revenue growth with the addition of 796 colocation tenancies and the acquisition of 967 towers and 412 colocation tenancies in the Democratic Republic of Congo, a market with real growth potential.

“The refocusing of the business by the new management team is delivering and we’ve reported our highest ever revenue and Adjusted EBITDA figures today. Our current momentum and identified opportunities make us very excited about what we can deliver in 2017.

“Operationally, we are all about service excellence. We continue to improve service level performance through our Operational Excellence Programme, facilitating demand with best-in-class service levels in all markets. We also work in partnership with our customers and suppliers, helping them grow with us. This partnership extends indirectly to our customers’ customers through facilitating the sustainable and efficient expansion of the infrastructure backbone needed to support the African growth story.

“We have recently issued a US$600m Bond that has added greater strength to our balance sheet and shows our strategy is appreciated as the right one. We are positioned to capitalise on customer demand for new sites as they work to meet point-of service requirements. I look forward to the future with confidence.”


For further information, please contact:

Media Relations
Edward Bridges
FTI Consulting
+44 (0)20 3727 1000

Notes to Editors

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:

• To view the annual report go to:

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.