REG - Helios Towers PLC - Directorate Change

Helios TowersAnnouncement

18/08/2022 07:00

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RNS Number : 3948W  Helios Towers PLC  18 August 2022

HELIOS TOWERS plc

 

DIRECTORATE CHANGE

 

 

London, 18 August 2022: Helios Towers plc ("Helios Towers", the "Group", the
"Company"), the independent telecommunications infrastructure company, today
announces that further to the Company's announcement on 18 August 2021
regarding his decision to retire as CEO, Kash Pandya has informed the Board of
his intention to stand down from his role as non-executive Deputy Chairman of
the Company with effect from 17 August 2022, in order to pursue other
non-executive opportunities.

 

Sir Sam Jonah, Chairman of Helios Towers, commented:

 

"On behalf of all stakeholders I would like to thank Kash for his invaluable
contribution to Helios Towers over the last seven years. He had a significant
impact on our business during his tenure as CEO, and more recently as a valued
partner for the board and senior management as non-executive Deputy Chairman.
 We wish him well in his future endeavours."

 

 

For further information, please contact:

 

Investor Relations

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

+44 (0)752 310 1475

 

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 Helios Towers expects to establish a presence in two new markets
across the Middle-East and Africa. Including these acquisitions and committed
BTS, the Group's total site count is expected to increase from over 10,500
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.

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