Three of Africa’s largest telecommunications towers companies plan to pursue share sales in either London or New York early next year, taking advantage of high industry valuations to fund expansion, according to people familiar
Browsing: IHS
MTN is boosting its economic interest in mobile phone tower operator IHS Group from 15% to 29%, the JSE-listed telecommunications group told shareholders on Wednesday. In a statement on the JSE’s stock exchange
Telecommunications infrastructure provider IHS Holding has announced plans to acquire Helios Towers Nigeria’s portfolio of 1 211 tower sites in the West African nation. The deal, which
South Africa is set for increasing sharing between mobile networks as profitability pressures force compromise, according to the MTN South Africa CEO. Reduced profitability is pushing network
MTN has entered into discussions with fast-growing pan-African mobile phone tower operator IHS Holding with a view to selling its South African tower portfolio, Bloomberg reported on Thursday. Quoting an unnamed source
Fast-growing African-focused tower operator IHS Holding has won another deal to operate towers on behalf of a mobile operator, this time involving 1 100 sites from Bharti Airtel in Zambia and Rwanda. The latest deal expands IHS’s tower footprint in Africa to 21 000. Operators typically sell
Fast-growing African tower operator IHS Holding announced on Monday that it has signed agreements to raise capital of US$2,6bn, or more than R28bn. It said the amount is the largest equity raising in Africa since 2007. The company is raising
In its biggest sale of infrastructure to date, South African-headquartered mobile operator MTN has agreed to sell the nearly 10 000 base stations it owns in Nigeria to tower management company IHS Holding. The sale of 9 151 of MTN’s network towers in Nigeria will reduce its
Independent mobile infrastructure provider IHS has completed its acquisition of more than 1 200 network towers from MTN. It has bought all of the mobile group’s towers in Zambia and Rwanda. The value of the transaction has not been disclosed. IHS subsidiaries in Zambia and Rwanda acquired ownership and
Fast-growing African tower management company IHS has secured a further US$130m in the second tranche of its latest fund-raising exercise, it said on Thursday. The capital raised is in addition to the $490m of new debt ($70m) and equity ($420m) announced last month and is with existing investors, IHS said. “IHS will use