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Helios Towers expects to keep up pace of rollout

Incremental tenancies for 2020 are forecast to be around 1,000

Helios Towers PLC - Helios Towers expects rollout to be in line with guidance

Helios Towers PLC (LON:HTWS) said it expects its rollout for the next year to remain in line with medium-term guidance due to strong demand and a “healthy” pipeline of orders.

Despite some COVID-19 delays earlier in the year, the telecoms infrastructure firm still expects incremental tenancies for 2020 to be around 1,000, within the previously communicated range of 1,000-1,500.

READ: Helios Towers sees earnings rise in first half, shrugs off coronavirus pandemic

The telecommunications sector has been classified as an 'essential service' so the FTSE 250 company has been operating at close to normal levels of service.

Full-year capital expenditure guidance was revised down to US$80-110mln compared toUS$110-140mln previously.

Helios said it is analysing opportunities representing circa 10,000 towers in total, and conducting due diligence on a number of potential transactions, representing both in-market and new market opportunities.

In the three months to September 30, revenue advanced 1% to US$103mln, while adjusted underlying earnings rose 4% to US$57mln. The number of tenancies was 1% higher at 15,082.

Shares shed 2% to 160.2p on Thursday at the opening bell.

Quick facts: Helios Towers PLC

Price: 151.8 GBX

LSE:HTWS
Market: LSE
Market Cap: £15.18 m
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