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Buy into African infrastructure with Helios Towers

The telecoms company has one of the largest tower portfolios on the continent – and it is growing
Buy into African infrastructure with Helios Towers

Helios Towers (HTWS) is a telecommunications infrastructure company focused on Africa and is the owner of one of the continent’s most extensive tower portfolios. Over four-fifths of revenue comes from Africa's big five mobile operators, which are signed up to long-term contracts to use towers in its 7,000-strong network. The group aims to have 12,000 towers by the end of 2025. Helios is the leading operator in Tanzania, Democratic Republic of Congo (‘DRC’) and Congo Brazzaville. It also has a presence in Ghana and entered into the South African market in 2019.

IC TIP: Buy at 162p
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points

Structural growth in African telecoms 

Strong revenue visibility

Ambitious growth targets

Rising tower tenancies

Bear points

High net debt

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