Last checked at 26 Jan 2024 09:00
HELIOS TOWERS plc
Directorate change
London 26 January 2024: Helios Towers plc ('Helios Towers' or 'the Company'), the independent telecommunications infrastructure company, today announces that Magnus Mandersson, Deputy Chair, has confirmed he will not seek re-election as a Director of the Company and will formally step down at the close of the Annual General Meeting on Thursday 25 April 2024. A process to appoint a new Non-Executive Director has begun and an announcement in that respect will be made in due course.
Sir Sam Jonah, Chairman of Helios Towers, commented:
"On behalf of the Board, I would like to express our gratitude to Magnus for his contribution to the successful growth of the Company since its IPO in 2019. We wish him well in his future endeavours."
This announcement is made in accordance with Listing Rule 9.6.11R.
For further information, please contact:
Investor Relations
Chris Baker-Sams - Head of Strategic Finance and Investor Relations
+44 (0)752 310 1475
Media Relations
Edward Bridges / Rob Mindell FTI Consulting LLP
+44 (0)20 3727 1000
About Helios Towers
· Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
· Helios Towers owns and operates over 14,000 telecommunication tower sites in nine countries across Africa and the Middle East.
· Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.