⌘K
t
Helios Towers plc announced on 18 August 2022 that Kash Pandya informed its Board of his intention to stand down from his role as non-executive Deputy Chairman, effective from 17 August 2022. This follows his decision, announced on 18 August 2021, to retire as CEO and is to allow him to pursue other non-executive opportunities.
| Date | 18 Aug 2022 |
| Time | 07:00:05 |
| Category | Board changes |
| ID | 3948W |
HELIOS TOWERS plc
DIRECTORATE CHANGE
London, 18 August 2022: Helios Towers plc ("Helios Towers", the "Group", the "Company"), the independent telecommunications infrastructure company, today announces that further to the Company's announcement on 18 August 2021 regarding his decision to retire as CEO, Kash Pandya has informed the Board of his intention to stand down from his role as non-executive Deputy Chairman of the Company with effect from 17 August 2022, in order to pursue other non-executive opportunities.
Sir Sam Jonah, Chairman of Helios Towers, commented:
"On behalf of all stakeholders I would like to thank Kash for his invaluable contribution to Helios Towers over the last seven years. He had a significant impact on our business during his tenure as CEO, and more recently as a valued partner for the board and senior management as non-executive Deputy Chairman. We wish him well in his future endeavours."
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 / Stephanie Ellis
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. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
· Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar and Malawi. Following recent acquisition agreements Helios Towers expects to establish a presence in two new markets across the Middle-East and Africa. Including these acquisitions and committed BTS, the Group's total site count is expected to increase from over 10,500 towers to over 14,000.
· 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.