Helios Towers released its full-year results for the year to 31 December 2020 on Thursday, March 10 and successfully placed a convertible bond the day after. Following a tumultuous year around the globe, TowerXchange highlights the key results from the towerco. Helios Towers posted steady growth, and crowned the year by issuing a convertible bond. TowerXchange also had the opportunity to speak with Kash Pandya, CEO, Tom Greenwood, COO and Manjit Dhillon, CFO to get more colour on what drove the results and what to expect next.
The results in brief
Africa’s third largest towerco reported a growth in tenancies for the year of 1,065 to 15,656 tenancies (versus 14,591 in 2019), with the majority being added in the final quarter of the year.