IHS Towers
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IHS Towers, Africa's largest telecom tower company, has renewed and extended leases on 13,500 sites with its largest customer and shareholder, MTN Nigeria, until 2032. -
IHS Towers is borrowing US$600 million for three years, though it expects to use only $370 million of it.
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IHS Towers has announced plans to extend its Project Green in order to reduce its carbon footprint at a cost of US$214 million in capital expenditure between now and 2024.
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IHS Towers has completed the acquisition of 5,701 towers in South Africa from MTN, in a deal valued at 6.4 billion South African rand (US$412 million) that makes it the country’s biggest tower operator.
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IHS Holding Limited has published its financial results for the first quarter of 2022, reporting a strong performance all-round.
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IHS Towers has appointed a new VP and CEO to head its South Africa division.
Forthcoming events
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Africa-focused telecom tower infrastructure company Helios Towers has closed its initial public offering (IPO) on $1.45 billion.
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The board of directors of Zain Saudi Arabia (Zain KSA) has signed an agreement to sell and lease back the passive physical infrastructure of its mobile tower portfolio to IHS Holding Limited (IHS) for around SAR 2.52 billion ($672m).
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Zain has sold 8,100 mobile towers in Saudi Arabia to IHS Holding for $80,000 each to reduce debt.
