{"id":874432,"date":"2024-11-07T17:49:31","date_gmt":"2024-11-07T12:19:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=874432"},"modified":"2024-11-08T06:48:10","modified_gmt":"2024-11-08T01:18:10","slug":"helios-towers-tightens-2024-guidance-upwards-after-strong-quarter","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/07\/helios-towers-tightens-2024-guidance-upwards-after-strong-quarter\/","title":{"rendered":"Helios Towers tightens 2024 guidance upwards after strong quarter"},"content":{"rendered":"<p>Helios Towers expects full-year adjusted core earnings of about $420 million, at the higher end of its previous guidance range, it said after positive third-quarter results on Thursday. <\/p>\n<p>The British-based telecoms infrastructure company said AI and digitalisation will drive low double-digit growth in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) next year. <\/p>\n<p>The upgraded guidance suggests steady progress through 2026, Jefferies said in a note. <\/p>\n<p>Third-quarter adjusted EBITDA grew by 2% to $105.7 millions, in line with an analyst consensus provided by the company. <\/p>\n<p>Helios said it expects its tenancy ratio &#8211; the average number of tenants for each site it owns &#8211; to grow to more than 2.1 by the end of 2025, from 2.04 at the end of September. <\/p>\n<p>The number of tenants or operators using its tower infrastructure grew by 2% to 29,021 in the quarter, beating analyst estimates of 28,913. <\/p>\n<p>Helios builds, owns and operates passive telecoms infrastructure for mobile network operators in Africa and the Middle East. Its customers include Airtel Africa, Vodafone, Orange and Axian. <\/p>\n<p>Its largest markets are Tanzania, the Democratic Republic of Congo and Oman.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Helios Towers expects full-year adjusted core earnings of about $420 million, at the higher end of its previous guidance range, it said after positive third-quarter results on Thursday. The British-based telecoms infrastructure company said AI and digitalisation will drive low double-digit growth in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) next year. The upgraded guidance suggests steady progress through 2026, Jefferies said in a note. Third-quarter adjusted EBITDA grew by 2% to $105.7 millions, in line with an analyst consensus provided by the company. Helios said it expects its tenancy ratio &#8211; the average number of tenants for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-874432","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=874432"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874432\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=874432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=874432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=874432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}