Helios Towers (HTWS) investor relations material

Multi-decade growth runway

• Exponential data growth in Africa and Middle East is projected, with a 12x increase in data demand by 2040, nearly double the global average.

• Terrestrial networks are expected to carry 97% of all data demand by 2040, requiring ongoing investment in denser, higher-capacity infrastructure.

• Satellite networks will complement terrestrial networks, mainly by extending coverage and enabling backhaul in rural areas.

• The total addressable market is forecast to expand by 72,000 tenancies between 2025 and 2040, about twice the current footprint.

Regional growth drivers

• Africa and Middle East will see a 33% population increase and a 43% rise in unique mobile subscribers by 2040.

• Smartphone penetration is expected to grow by 82% in the region, compared to 12% in the rest of the world.

• Data consumption in these markets is set to grow 12x by 2040, outpacing the global 7x average.

• Social media and video data traffic are growing rapidly, with mobile money transactions more than doubling.

Technology evolution and network architecture

• Networks will require denser infrastructure, more spectrum, and new technologies like 5G/6G to meet urban demand.

• Rural and deep rural areas will rely on scalable terrestrial infrastructure, with satellites used for backhaul.

• The region is at the early stages of technology adoption, with significant shifts from 2G/3G to 4G/5G/6G expected by 2040.

• Lower smartphone costs and technology upgrades will drive further data growth and access.