in brief

25 August 2017

Mergers, Acquisitions and Financial Results

Helios Towers, the independent telecoms tower infrastructure company, reported that revenue rose by 41 percent in the first half-year ending 30 June to USD 169 million from USD 120 million in the same period of 2016, with 87 percent of revenue coming from investment grade or near investment grade customers.  Adjusted EBITDA increased by 72 percent to USD 56 million from USD 33 million in 2016 and the adjusted EBITDA margin improved to 33.3 percent from 27.3 percent in 2016. Cash and cash equivalents stood at USD 268 million on 30 June compared with USD 134 million on 31 December 2016. 

Source: Telecom Paper