Reported about 12 hours ago
Helios Towers reported better-than-expected Q3 earnings and introduced a $75 million share buyback as part of a five-year plan aimed at returning over $400 million to investors. Adjusted earnings rose 5% year-on-year to $120.1 million, exceeding forecasted figures. The company's shares surged 18% following the announcement, driven by growth prospects in Africa and the Middle East, where mobile penetration remains low. CEO Tom Greenwood emphasized organic growth and the expected rise in population and digital usage in these regions.
Source: YAHOO