REG - Helios Towers PLC - Closing of tower acquisition in Malawi

Helios TowersAnnouncement

25/03/2022 07:16

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RNS Number : 9831F  Helios Towers PLC  25 March 2022

Helios Towers plc

 

Closing of tower acquisition in Malawi

 

London, 25 March 2022: Helios Towers plc ("Helios Towers"), the independent
telecommunications infrastructure company, today announces it has closed the
acquisition of Airtel Africa's passive infrastructure company in Malawi,
adding 723 sites to its portfolio.

 

The gross consideration for the transaction will be US$55 million, of which
20% is funded by Old Mutual Infrastructure Investment Trust Fund, representing
a local Malawian shareholding of 20%, in-line with the local
telecommunications infrastructure licence requirements previously disclosed.

 

Helios Towers and Airtel Africa have also entered into a 12-year service
agreement on the acquired assets, which, in-line with prior communications,
are expected to deliver revenues of US$23 million and Adjusted EBITDA of US$8
million in the first full year of ownership, with further growth anticipated
through 60 committed build to suits over the next three years and colocation
lease-up.

 

Helios Towers Investor Relations:

Chris Baker-Sams, Head of Strategic Finance and Investor Relations

+44 (0)752 310 1475

investorrelations@heliostowers.com (mailto:investorrelations@heliostowers.com)

 

Media Relations:

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

+44 (0)20 3727 1000

 

 

About Helios Towers

·   Helios Towers is a leading independent telecommunications
infrastructure company, having established one of the most extensive tower
portfolios across Africa. It builds, owns and operates telecom passive
infrastructure, providing services to mobile network operators.

 

·   Helios Towers owns and operates telecommunication tower sites in
Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South
Africa, Senegal, Madagascar and Malawi. Following recent acquisition
agreements and subject to regulatory approval, Helios Towers expects to
establish a presence in two new markets across Africa and the Middle-East.
Including these acquisitions and committed BTS, the Group's total site count
is expected to increase from over 10,000 towers to over 14,000.

 

·   Helios Towers pioneered the model in Africa of buying towers that were
held by single operators and providing services utilising the tower
infrastructure to the seller and other operators. This allows 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.

 

For more information about Helios Towers, please visit:
https://www.heliostowers.com/investors/investor-home/

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