(Reuters) – 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 – the average number of tenants for each site it owns – to grow to more than 2.1 by the end of 2025, from 2.04 at the end of September.
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.
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.
Its largest markets are Tanzania, the Democratic Republic of Congo and Oman.
(Reporting by Alessandro Parodi; Editing by David Goodman)
