As at 31 March 2016, the Group held an 23.78% (2015: 23.45%) equity accounted interest in Helios Towers Tanzania Limited (‘Helios’), an independent telecommunications tower operator. This holding was acquired as part of a sale and leaseback transaction of Vodacom Tanzania Limited’s telecommunications towers to HTT Infraco Limited (‘HTT’), a subsidiary of Helios.

During the year, the Board approved a plan to exit its investment in Helios through a sale of shares which is expected to be completed within the next financial year. The investment, which was equity accounted, was classified as a non-current asset held for sale, and the associated shareholder’s loan was classified to current assets. Both are presented in the International reportable segment (Note 1). The Group has not recognised any impairment losses in respect of its investment, since the proceeds are expected to exceed the carrying value of the investment and loan receivable. Refer to Note 11 for details of the loan granted to Helios.