Updates

Helios Towers - Rapid de-leveraging could see higher than expected shareholder returns

May 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Helios Towers owns and leases telecom towers to mobile network operators (MNOs) across sub-Saharan Africa and the Middle East. In simple terms, it acts as the landlord for mobile infrastructure - and it’s proving to be a very lucrative business. The real engine of growth is the steady increase in utilisation of its existing towers by adding more tenants per site. This operating leverage is powerful: total tenancies rose 9% year-on-year to 31,944, pushing the average tenancy ratio up to 2.17x. As a result, adjusted EBITDA grew 12% to US$471.1m. Helios now holds a dominant market share of 30-60% in seven of its nine markets, with high barriers to entry protecting the business. Return on invested capital (ROIC) improved to 13. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Playtech

Kier

Helios Towers - Raises full year guidance for tenancy additions after massive Q1 beat (July 2026)

Helios Towers - New target to generate US$1.3bn free cash flow by 2030 (January 2026)

Helios Towers - With leverage quickly falling shares spark into life (October 2025)

Helios Towers - Tenancies rise nearly 9% (July 2025)

Helios Towers (May 2025)

Helios Towers - Fast-growing tower infrastructure business reaches free cash flow inflexion point (April 2025)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X