Helios Towers ( (GB:HTWS) ) just unveiled an announcement.
Helios Towers reported strong financial results for FY 2024, surpassing expectations with a 14% growth in Adjusted EBITDA and a positive free cash flow of $19 million. The company’s operational improvements and strategic colocation efforts have expanded its coverage to 151 million people, enhancing its market position in Africa and the Middle East. The financial performance was driven by tenancy growth and a robust business model, with plans to continue growth and return capital to shareholders by 2026. The company also achieved significant ESG milestones, including a reduction in carbon emissions and high power uptime, earning recognition from external rating agencies.
More about Helios Towers
Helios Towers is a leading independent telecommunications infrastructure company, operating one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns, and operates telecom passive infrastructure, providing services to mobile network operators. The company owns and operates over 14,000 telecommunication tower sites in nine countries, pioneering the model of buying towers from single operators and offering services to multiple operators.
YTD Price Performance: 9.48%
Average Trading Volume: 23,938
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.29B
For an in-depth examination of HTWS stock, go to TipRanks’ Stock Analysis page.
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