Helios Towers has raised its 2026 outlook for the second time in three months, citing strong demand for telecom infrastructure across its Middle East and African markets.
The passive infrastructure provider now expects to add 3,500–4,000 new tenancies to its towers in 2026, up from its previous forecast of 3,000–3,500.
The company has also increased its adjusted EBITDA guidance by $5 million to $520–$535 million. The additional tenancies are expected to contribute more than $10 million in annualised adjusted EBITDA from 2027.
The upgraded outlook follows a strong first half of the year. Helios added 2,511 tenancies in the six months to June, bringing its total to 34,455, with a tenancy ratio of 2.26x.
Revenue rose 11% year-on-year to $466.3 million, while adjusted EBITDA increased 14% to $257 million, with the EBITDA margin improving to 55%. Profit, however, declined to $21.7 million, mainly due to non-cash foreign exchange movements.
Helios said it has a record $5.9 billion in contracted future revenues, with 98% coming from major multinational mobile operators and about 70% from investment-grade customers.
CEO Tom Greenwood said rising smartphone adoption, growing data consumption, digital services and AI applications are driving continued investment in mobile networks across Africa and the Middle East.
With strong demand, a growing tenancy pipeline and long-term contracted revenues, Helios Towers expects continued growth in its core markets.
.
Source : www.telecoms.com
