Helios Towers reports 29% revenue growth, 31% adjusted EBITDA

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Helios Towers reports 29% revenue growth, 31% adjusted EBITDA

The company has also revised its strategic goal from achieving "22,000 towers by 2026," which encompassed around 5,000 inorganic sites, to targeting a "2.2x tenancy ratio by 2026".

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

March 25, 2024 | 11:21 AM GMT

Helios Towers reports 29% revenue growth, 31% adjusted EBITDA

Manjit Dhillon, group CFO, Helios Towers. Source: Helios Towers

UK telecommunications infrastructure investor and operator Helios Towers (LON: HTWS) has witnessed a 29% surge in revenue to US$721 million and a 31% growth in Adjusted EBITDA to US$369.9 million on a year-on-year basis, according to its full-year 2023 report.