What's happened
Helios has raised its 2026 core profit forecast after first-quarter results showing tenancy growth and strong demand for mobile data in Africa and the Middle East. The London-listed tower operator now expects adjusted core profit of $515 million-$530 million for 2026 and plans to add tens of thousands of tenancies.
What's behind the headline?
Analysis
- Helios is expanding its footprint as operators ramp up data-driven investments, potentially strengthening network resilience and coverage in emerging markets.
- The upgrade to full-year guidance signals improved visibility into tenancy demand, particularly from MNOs expanding 5G and data services.
- If tenancy additions meet the upper end of guidance, Helios could capture higher leasing revenues and margin from scale, though execution risk remains in new markets.
- The market reaction has been positive, with shares trading near record highs as investors price in higher growth from Africa and the Middle East.
How we got here
Helios has a portfolio of more than 14,000 telecom sites in Africa and the Middle East. Its optimism reflects population growth, rising mobile penetration, and continued investment in digital connectivity, including 5G, across the region.
Our analysis
Reuters reports that Helios has beaten expectations on Q1 adjusted core profit and raised its 2026 targets; other coverage notes a broad push for network expansion in Africa and the Middle East.
Go deeper
- How will Helios' tenancy growth translate into long-term profitability?
- Which markets are most likely to contribute to the 3,000–3,500 tenant additions this year?
- What are the risks if regional demand cools or competition intensifies?