Helios Towers Raises Annual Profit Outlook After Q1 Beat
Helios Towers raised its annual adjusted core profit forecast to a range of $515 million to $530 million after beating first-quarter expectations. The group cited robust demand for 5G and digital connectivity across Africa and the Middle East as it increased its yearly tenancy targets.
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Helios Towers raised its annual adjusted core profit forecast to $515M–$530M after beating first-quarter market expectations. The new range sits $5M higher than previous guidance following $127.2M in first-quarter profit. Rising mobile penetration and 5G demand across Africa and the Middle East are accelerating infrastructure leasing.
